Copec raises local debt

Copec raises local debt

Chile Bonds

Empresas Copec placed roughly $153m in local currency and inflation-linked bonds in Chile’s debt capital markets on Wednesday. The energy company sold CLP67bn ($98m) in 4.9% five-year-and-one-month securities to yield 4.75%, a source familiar with the trade told LatinFinance. The duration of the notes is 4 years and nine months.Copec also raised UF1.4m ($55m) in 2.75% inflation-linked bonds to yield 2.3% over nine years, the source said. The duration of the UF tranche is eight years and eight mo

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