July 23, 2014
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.
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