SQM Hits the Road

Sociedad Quimica y Minera de Chile (SQM) plans to begin a fixed-income roadshow Thursday, according to investors. The Baa1/BBB Chile-based producer of products including lithium, chemicals and fertilizer is to visit Los Angeles, London, New York and Boston, finishing March 25. Bank of America Merrill Lynch, JP Morgan and Scotia are managing. SQM last issued internationally in 2010, selling a $250m 5.500% 2020 bond at 5.524% yield. Those bonds were trading at 3.4% yield Monday.