CMPC Rolls Out New Benchmark

May 9, 2013

Chilean pulp producer CMPC has printed a new $500m 2023 bond, after seeing about $3.5bn in demand. The Baa3/BBB/BBB+ note priced at 99.248 with a 4.375% coupon to yield 4.469%, or UST+270bp, tight to 275bp-area guidance that came after 290bp initial price thoughts. The bond traded up 1.25-1.75 points in the grey Wednesday, traders say. Participating...

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