Elecmetal sets up UF bonds

Elecmetal sets up UF bonds

Corporate & Sovereign Strategy Bonds Debt Fixed Income Capital Markets Chile

Chilean mining supplies company Electro Metalúrgica (Elecmetal) is looking to raise up to UF3 million ($114 million) in the sale of two series of inflation-linked bonds in the local market, according to Fitch Ratings. "The purpose of the issues will be for refinancing purposes. They will strengthen the company's liquidity position and improve its maturity profile in the long term," Fitch said in a report on Wednesday.  Elecmetal is expected to issue 10- and 21-year bonds in the deal, Fitch said

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