September 16, 2023
Copec supports project to address water deficit in Chile
Building the country’s first water park and implementing a climate change laboratory in the high mountains during ...
Sustainability, Business / Published October 30, 2019
ARAUCO sells two sustainable bonds
The subsidiary of Empresas Copec sold two 144th bonds in the international market in 10-year and 30-year papers, for a total of US$ 1 billion, divided into US$ 500 million in each series.
The deal was led by JPMorgan and Scotiabank and proceeds will be used to finance part of the Arauco Mill Modernization and Expansion (MAPA) project, to repurchase bonds maturing in 2021 and 2022, and other capital management activities of the company.
Also, being sustainable bonds, the company commits itself that an amount equivalent to that of the issuance will finance or refinance one or more environmental and/or social projects. It should be noted that this is ARAUCO’s first sustainable bond and also the first issued in Chile and Latin America.