Arauco prices two-part bond deal

Arauco prices two-part bond deal

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Debenture Economy & Policy Fixed Income Funds Energy Chile

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

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