April 8, 2020 |
Chilean steelmaker Aceros Aza is seeking regulatory approval to sell UF4 million ($135 million) in inflation-linked bonds in the local market, taking advantage of low interest rates. The Santiago-based company, which makes steel bars and other products from recycled ferrous scrap, plans to split the debt sale evenly between 10- and 30-year notes, according to documents filed with the securities commission CMF.
It will use the proceeds to pay off debt and fund investments, it said in the filing
Chilean steelmaker plans to raise $135 mln to refinance debt, fund investments