August 15, 2013
Compania Agropecuaria Copeval will look to raise up to UF1m ($45m) in Chile
Compania Agropecuaria Copeval will look to raise up to UF1m ($45m) in Chile’s local bond market, according to regulatory documents. The 2020 bonds come with a coupon of 6.25%. The sale is led by IMTrust and is expected as soon as next week, say people familiar with the agribusiness company’s plans. Proceeds from the transaction, rated A minus/BBB minus on a national scale, will be used to refinance debt. In 2010, the company sold CLP25bn ($49m) in securitized local bonds.