Andina Moves toward Domestic Bond Sale

Andina Moves toward Domestic Bond Sale

Chile Bonds

Chile’s Embotelladora Andina is expected to hit the local market next week with a bond sale of two series, LatinFinance understands. It may issue up to UF2m ($90m) in 2020 bonds and up to UF5m in 2034 bonds. The bottler is looking to raise funds for debt refinancing and for general corporate purposes. BTG Pactual and Santander are managing. Andina is rated AA+ on a national scale. A deal could accompany an international bond sale that Andina has been heard plotting, with Itau, JPMorgan and Santa

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