Pesos beat dollars, says Parque Arauco

Pesos beat dollars, says Parque Arauco

Bonds

Parque Arauco has put aside intentions to sell a bond internationally for the moment, given less favorable conditions, and will look at the local market to raise debt, LatinFinance has heard. A worsening in the swap rate makes a issuing a dollar-denominated bond less attractive than earlier in the year, when Parque Arauco told LatinFinance it was considering such a move. Between base rates, spreads and swaps, it makes more sense to issue locally in Chile, the company told LatinFinance. 

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial