Chile's Arauco places around $300 mln in bonds

jueves 10 de abril de 2014 13:38 GYT

SANTIAGO, April 10 (Reuters) - Chile's Celulosa Arauco y Constitucion, one of the world's biggest wood pulp companies, on Thursday placed around $300 million in bonds on the local market to cover short- and long-term debt.

Arauco, an arm of industrial conglomerate Empresas Copec , has been pumping cash into expansion projects and acquisitions in Brazil, Canada, Chile, the United States and Uruguay.

The company placed a seven-year bond at a 2.65 percent yield and a 21-year bond at a 3.6 percent yield. (Reporting by Antonio de la Jara; Editing by Leslie Adler)