Quinenco Details Domestic Bond Plans

Quinenco Details Domestic Bond Plans

Chile Bonds

Chile’s Quinenco is looking at maturities of eight and 21 years for its upcoming to UF4m ($179m) domestic bond sale. The issuer may choose among a 2021 peso-denominated bonds with a 6.00% coupon, 2021 UF-denominated bonds with a 3.70% coupon, and 2034 bonds with a 3.85% coupon, according to a prospectus. The Luksic family-controlled group, whose holdings include Banco de Chile and CCU, plans to use at least 60% of the proceeds for new investments, 5% for paying back debt, and the remainder for o

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