Chile's Copec to issue up to $420 mln in inflation-indexed bonds

viernes 1 de agosto de 2014 16:14 GYT

SANTIAGO Aug 1 (Reuters) - Chilean industrial conglomerate Empresas Copec said on Friday it is looking to issue up the equivalent of $420 million in inflation-indexed bonds in order to refinance short and long-term debt and to pay for investment projects.

Copec, which owns one of the world's biggest wood pulp producers, the world's No. 3 fishing company and the main fuel distributors in Chile and Colombia, will issue bonds worth up to 10 million UF inflation-indexed units.

As of Friday, each UF unit is worth 24,063.05 Chilean pesos, according to Chile's central bank.

(Reporting by Anthony Esposito; Editing by Marguerita Choy)