January 17, 2020 |
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
Chilean chemical company raises $400 mln to pay off debt and fund investments