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