Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers I > Headlines for Inversiones CMPC SA > News item |
S&P rates Inversiones CMPC sustainability notes BBB-
S&P said it assigned its BBB- issue-level rating to Inversiones CMPC SA's (not rated) proposed $500 million 10-year senior sustainability-linked notes. Inversiones CMPC is a wholly owned financing vehicle subsidiary of Chile-based pulp and paper company, Empresas CMPC SA (CMPC; BBB-/stable/--).
The rating on the notes is the same as the issuer credit rating on CMPC, based on its unconditional and irrevocable guarantee for the notes' payment.
“We expect the company to use the issuance proceeds to refinance the 4.5% 2022 notes and for general corporate purposes,” S&P said in a news release.
© 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.