Santiago-Sociedad Quimica y Minera de Chile S.A. (SQM) said Jan. 13 that it has successfully placed in the Chilean market two series of bonds for an amount in local currency equivalent to approximately US$173 million. Series H was issued for an amount of 4 million UFs (Chilean inflation-adjusted currency, equivalent to about US$139 million) at 21 years with a 10-year grace period, at a re-offer yield of 5.05 percent. Series G was issued for an amount of Ch$21 billion (equivalent to about US$34 million) at five years, at a re-offer yield of 7.5 percent in Chilean pesos. SQM will use the financial resources to refinance short-and long-term debt and to fund its capital expenditures program.
Transparency Across the Fertilizer Value-Chain