By Cristal Cody
Chicago, June 21 – Inversiones CMPC SA priced $500 million of 6 1/8% green sustainability notes due 2033 (Baa3/BBB/BBB) on Tuesday, according to information from a market source and a press release.
The bonds will be guaranteed by Empresas CMPC SA.
The bonds priced with a yield of 6.127%, or at Treasuries plus 240 basis points.
Price talk was reportedly in the Treasuries plus 275 bps area.
BofA Securities, JPMorgan and Scotiabank led the sale. They were joined by BNP Paribas, HSBC, MUFG and Santander.
Proceeds will be used to finance or refinance projects that qualify as green.
CMPC is a Santiago, Chile-based multinational corporation that produces wood, pulp, packaging products, household and non-household sanitary protection products and tissue paper.
| Issuer: | Inversiones CMPC SA
|
| Guarantor: | Empresas CMPC SA
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| Amount: | $500 million
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| Issue: | Sustainability green notes
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| Maturity: | June 23, 2033
|
| Bookrunners: | BofA Securities, JPMorgan, Scotiabank, BNP Paribas, HSBC, MUFG and Santander
|
| Coupon: | 6 1/8%
|
| Yield: | 6.127%
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| Spread: | Treasuries plus 240 bps
|
| Trade date: | June 20
|
| Ratings: | Moody’s: Baa3
|
| S&P: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 275 bps area
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