Arauco hits the road

Arauco hits the road


Celulosa Arauco has mandated Deutsche Bank, JPMorgan, Santander and Scotiabank to organize investor meetings amid plans to issue a 10-year $500m bond to refinance debt. Arauco sold a dual-tranche UF7m ($304m) bond in the Chilean market in April to extend its maturity profile. Moody’s said the company faces debt payments of $779m in 2014, which include mainly loans and $54m in bonds. The company will meet investors in New York today and tomorrow, with further meetings in Los Angeles on Friday and

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