La Araucana Eyes Q1 Financing

Chile’s Caja de Compensacion La Araucana is now looking to raise funds in the first quarter after delaying a local bond transaction late last year due to market turbulence, says a person familiar with the deal. The borrower is expected to tap either this month, or wait until March when the summer holidays are over in the Southern Hemisphere. In December, La Araucana had been meeting investors to pitch a CLP40bn ($78.3m) 5-year bond via BCI. La Araucana is rated A on a national scale.