EMPRESAS COPEC S.A. Through a Relevant Fact, the subsidiary disclosed this placement in the Chilean market, which is for general corporate purposes of the company itself and/or its subsidiaries.
The notes -equivalent to approximately US$223 million- belong to the AB series, maturing on May 15, 2046, with a placement rate of 3.33% per year. They are rated AA/Stable by Fitch Ratings and Feller-Rate.
The "sustainable" rating means that, regardless of the use of proceeds from the bond placement, ARAUCO will use an equivalent amount to finance or refinance, in whole or in part, one or more green and social projects selected for the purposes of the issue, in accordance with the Sustainability Bond Framework adopted by the company.
The transaction was structured and placed by Santander CIB and Scotiabank GBM.
Link to the Relevant Fact.
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EC - Empresas Copec SA published this content on 29 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 June 2023 14:51:21 UTC.
