By Susanna Moon
Chicago, Jan. 13 - Sociedad Quimica y Minera de Chile SA said it placed $173 million equivalent of two series of bonds in the Chilean market.
The company issued 21 million Chilean pesos of series G non-callable five-year bonds at a reoffer yield of 7.5% in Chilean pesos.
The company issued UF 4 million of series H bonds with a 21-years term and a 10-year grace period at a reoffer yield of 5.05% in UFs.
Proceeds will be used to refinance short- and long-term debt and to fund its capital expenditures program.
The Santiago, Chile-based company produces specialty fertilizers, iodine and lithium.
| Issuer: | Sociedad Quimica y Minera de Chile SA
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| Total amount: | $173 million equivalent UF- and peso-denominated bonds
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| Issue: | Senior unsecured bonds
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| Series G bonds
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| Amount: | 21 billion Chilean pesos
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| Maturity: | Five years
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| Yield: | 7.5%
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| Call: | Non-callable
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| Series H bonds
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| Amount: | 4 million UF
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| Maturity: | 21 years
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| Yield: | 5.05%
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