CCU cracks open dollar bonds

CCU cracks open dollar bonds

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Chile

Chilean beverage company Compañía Cervecerías Unidas (CCU) made its debut in the international bond market on Thursday with the sale of $600 million worth of 10-year notes to cover general corporate purposes, according to a source involved in the deal. The new 2032 notes carried a coupon of 3.35% and priced at 99.874 to yield 3.365%, or 165 basis points over US Treasury bonds, the source said. CCU had opened the initial price talk at under 200 basis points and set guidance at 170 basis points, p

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