January 14, 2022 |
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
Chilean beverage company issues $600 mln in 10-year notes in its first international debt sale