Published on 9/10/2014 in the Prospect News Emerging Markets Daily.
New Issue: Chile’s Empresas CMPC prices $500 million 4¾% notes due 2024 to yield 4.786%
By Christine Van Dusen
Atlanta, Sept. 10 – Chile’s Empresas CMPC SA priced $500 million 4¾% 10-year notes (Baa3/BBB-/BBB+) at 99.717 to yield 4.786% on Wednesday, a market source said.
JPMorgan, MUFG and Santander were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for general corporate purposes.
Empresas CMPC is a Santiago, Chile-based pulp and paper company.
| Issuer: | Empresas CMPC SA
|
| Amount: | $500 million
|
| Maturity: | Sept. 15, 2024
|
| Description: | Senior notes
|
| Bookrunners: | JPMorgan, MUFG, Santander
|
| Coupon: | 4¾%
|
| Price: | 99.717
|
| Yield: | 4.786%
|
| Trade date: | Sept. 10
|
| Settlement date: | Sept. 15
|
| Expected ratings: | Moody’s: Baa3
|
| Standard & Poor’s: BBB-
|
| Fitch: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
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