October 25, 2019 |
Chilean pulp and wood panel producer Celulosa Arauco on Thursday priced $1 billion worth of bonds in a two-tranche deal of 10- and 30-year paper, a source with direct knowledge of the deal told LatinFinance.
The deal priced $500 million in 10-year notes at 99.931, or US Treasury notes plus 245 basis points, with a coupon of 4.2% and $500 million in 30-year notes at 99.310, or US Treasury notes plus 295 bps, with a coupon of 5.15%. Earlier, the initial price talk had been around 265 bps over US T
Chilean pulp producer sells $1 bln in 10- and 30-year notes to fund a bond buyback and expansion plans