SQM Preps Local Debt Issue

Chilean chemical company SQM plans to raise up to UF2.5m ($107m) through a domestic bond issue. It will have the option of choosing among 10-year and 30-year UF-denominated notes. Proceeds will cover liabilities, investment financing and other general purposes. The issuer, rated AA minus on a national scale, does not name the lead banks or provide timing on the sale.