By Reshmi Basu
New York, Jan. 24 - Sociedad Quimica y Minera de Chile SA said it placed a 21-year offering of UF-denominated bonds (Chilean inflation adjusted currency) to yield 4.18%.
The size of the issue is equivalent to about $100 million, the company said in a disclosure to the Santiago Stock Exchange.
Proceeds from the sale will be used to refinance company liabilities and to fund its 2006 capital expenditure program.
The Santiago, Chile-based company produces specialty fertilizers, iodine and lithium.
| Issuer: | Sociedad Quimica y Minera de Chile SA
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| Amount: | $100 million equivalent UF-denominated bonds
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| Issue: | Senior unsecured bonds
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| Maturity: | 2027
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| Yield: | 4.18%
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