By Christine Van Dusen
Atlanta, Jan. 14 - Chile's Inversiones CMPC SA priced $500 million 4¾% notes due Jan. 19, 2018 (Baa2/BBB+/BBB+) at 99.524 to yield Treasuries plus 275 basis points, a market source said Friday.
Citigroup, Itau and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.
Proceeds will be used for general corporate purposes.
Inversiones is a Santiago, Chile-based forestry products company.
| Issuer: | Inversiones CMPC SA
|
| Amount: | $500 million
|
| Maturity: | Jan. 19, 2018
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, Itau, JPMorgan
|
| Coupon: | 4¾%
|
| Price: | 99.524
|
| Spread: | Treasuries plus 275 bps
|
| Trade date: | Jan. 13
|
| Settlement date: | Jan. 19
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB+
|
| Fitch: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
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