Volcán sells inflation-linked local notes

Volcán sells inflation-linked local notes

Bonds Debt Capital Markets Fixed Income Chile

Chilean construction materials company Volcán issued UF2 million ($714 million) worth of inflation-linked notes in the local market, according to a securities filing. The 10-year paper priced at a fixed rate of 1.83%, Volcán said. The company will spend roughly 50% of the proceeds to build a new plasterboard production facility and use the rest to expand an asbestos cement factory, refinance debt and cover general corporate purposes. Founded in 1916, Volcán makes and markets construction materia

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