Iansa lines up UF bond sale

Iansa lines up UF bond sale

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

Chilean agribusiness Empresas Iansa has filed for regulatory approval to sell UF2 million ($83 million) worth of 10-year bonds, joining more companies in tapping the local market to take advantage of low interest rates. The company plans to use the proceeds for working capital and investments as well as to refinance debts, according to a document filed with the securities regulator CMF. The notes will be sold in unidades de fomento, or UFs, a unit of account adjusted for inflation. Several compa

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