Watt's raises funds to pay off debt

Watt's raises funds to pay off debt

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Chile

Chilean food and wine company Watt's said it raised UF1 million ($37.5 million) to refinance debt from the sale of 10-year bullet bonds in the local market. The bonds priced at the inflation-linked UF unit of account plus 1.5%, the Santiago-based company said in a securities filing. LarrainVial was the bookmaker for the deal, while Prieto Abogados was the legal advisor.Started as a family firm making jams in the 1930s, Watt's has expanded its portfolio to dairy products, fruit juices, vegetable

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