CMPC reaffirms SLB benefits amid rates volatility

Chile, Patagonia, CMPC, LatAm, green, forest, deforestation, paper, pulp, SLB, 575
By Oliver West
01 Apr 2021

Empresas CMPC, the Chilean pulp and paper producer, priced a sustainability-linked bond inside its curve on Wednesday, leaving no doubt that Latin American issuers can still garner a material pricing benefit from ESG debt, even as emerging market bonds feel the pressure from US Treasury volatility.

Global coordinators Bank of AmericaBNP Paribas,Goldman Sachs and JP Morgan had set initial price thoughts at 165bp over Treasuries for Baa3/BBB-/BBB rated CMPC’s proposed 10 year SLB on Wednesday. The April 2031 deal includes a coupon step-up after five years if the ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial