CMPC’s debut SLB to fetch big demand if rates behave

Santiago de Chile, Chile, skyline, Andes, skyscraper, LatAm, 575
By Oliver West
30 Mar 2021

Empresas CMPC, the Chilean pulp and paper producer, began investor meetings on Monday ahead of a proposed sustainability-linked bond (SLB) that investors say is likely to attract strong demand as long as the volatility seen in rates market on Monday does not worsen.

CMPC, which issued the first ever green bond from a Chilean issuer back in 2017 and signed a $100m sustainability-linked revolving credit facility in August, is looking to sell a benchmark-sized 10 year bond. The deal includes a coupon step-up after five years if the company does not ...

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