SQM prints 30-year notes

SQM prints 30-year notes

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

Chilean chemical company Sociedad Química y Minera (SQM) said on Thursday that it sold $400 million worth of 30-year bonds, with the proceeds being used to pay off debt and fund capital improvements. The bonds, carrying a 4.25% coupon that mature in January 2050, were priced at a slight discount of 99.714 to yield 4.267%. That put the new issue 200 basis points over US Treasury notes, said another source familiar with the deal.  Settlement is scheduled for January 22. In a statement, the company

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