Cristalerias de Chile plans to issue domestic bonds up to UF 1.8 million

By Reshmi Basu

New York, June 3 - Cristalerias de Chile SA said it plans to issue non-secured bonds in an amount up to 1.8 million of Unidad de Fomento, which is Chile's currency adjusted for inflation.

The bonds will be issued in Chile and will bear a maturity up to 21 years.

The bonds will be payable in local currency.

Proceeds will be used to pay the company's short-term and long-term liabilities.

In addition, the company may use the proceeds to finance other investments or development of projects.

The prospective issuer, based in Santiago, Chile, is a producer of glass containers.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.