The CMPC Group, with a presence in the Biobío region, in Chile, recently issued a US $ 500 million bond in the United States.
The action complies with rule 144A of Regulation S of the United States Securities Act of 1933. The term of the security is ten years, and the company will pay an interest rate of 3%.
The effective interest rate is 3.085%, with a spread on 135-year US Treasury bonds of 135 basis points. Interest will be paid semi-annually, and the principal will be amortized in a single installment upon maturity.
The issuance was carried out within the scope of the Sustainability-Linked Bond Principles, which means that the company must meet certain sustainability objectives within the agreed terms, monitored by means of Key Performance Indicators and Sustainability Performance Objectives, among others. This is the first issue of a Chilean company that meets these conditions.
The coordinating banks were BNP Paribas Securities Corp., BofA Securities, Inc., Goldman Sachs & Co. LLC, JP Morgan Securities LLC, MUFG Securities Americas Inc. and Santander.