Wenco prints first local bonds

Wenco prints first local bonds

Bonds Debt Capital Markets Fixed Income Andean Chile Latin America

Chilean plastic goods maker Wenco said it raised UF2.5 million ($99.2 million) from the sale of 10-year bonds in its debut debt issue in the local market, raising money to refinance debt. The Santiago-based maker of plastic bins, pallets, trays and other products sold the notes at a fixed rate of 2.6%, according to a securities filing late on Thursday. The notes are denominated in unidades de fomento, or UFs, a unit of account adjusted for inflation. Scotiabank was the bookrunner and financial a

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