SQM Issues UF 10 Million Hybrid Bond Worth Approximately $430 Million
Sociedad Química y Minera de Chile (SQM) successfully placed its Series S local hybrid bond in the Chilean general securities market, raising UF 10,000,000 (approximately US$430 million). The bonds will mature on February 15, 2058, with a fixed annual interest rate of 4%. Proceeds will be used for general corporate purposes and to refinance existing debt.
Reuters·