Sigdo Koppers issues local notes

Sigdo Koppers issues local notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Chile Andean

Chilean conglomerate Sigdo Koppers said it earned UF1.3m ($49.8m) from the sale of bonds in the local market, raising money to pay off debt. The 10-year notes priced at the inflation-linked UF unit of account plus 0.61%, or 71bp over the reference rate in Chile, Sigdo Koppers said in a securities filing. Scotiabank was the bookrunner and financial advisor on the deal, while Garrigues was the legal advisor. Sigdo Koppers owns the engineering and construction firm ICSK, the explosives company Enae

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