Quinenco Sets Local Bond Date

Quinenco Sets Local Bond Date

Chile Bonds

Chile’s Quinenco is expected to issue up to UF4m ($181m) in Chile’s domestic bond market on July 24, LatinFinance understands. The issuer may choose among 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 stakes in Banco de Chile and CCU, plans to use at least 60% of the proceeds for new investments, 5% for paying back debt, and t

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