September 11, 2018 |
Chilean protein producer Agrosuper completed a UF5.5m ($218.3m) bond offer on Monday, placing almost two-thirds of the UF8.5m debt shelf among local investors.
Proceeds will be used to acquire Friosur, a purchase the company made in June for roughly $229m.
Banchile coordinated the two-part deal, which comprised the Series L, 10-year, UF4m bullet tranche and the 23-year, UF1.5m, Series M portion that comes with a 10-year grace period.
Series L priced at 2.39% and the longer-dated M tranche came a
Chilean food producer places roughly $218m in inflation-linked securities to pay for Friosur, sources