CMPC issues bonds in the United States worth US$ 500 million, and almost 75% of its financing is “green”
In total, there have been 15 operations of this kind that our Company has carried out since 2017. In this way, USD 3,850 million of CMPC’s debt is now green.
On Wednesday, February 21st, CMPC announced the issuance of a new green bond valued at US$500 million. The bond, with a 10-year term, was issued in the United States and obtained an effective placement rate of 6.173% per annum, with a spread over the 10-year US Treasury bond of 185 bps. This operation reaffirms our Company’s commitment to the environment and its goals for future development. With this, almost 75% of the company’s debt is now sustainable.
“Sustainability is a pillar of CMPC’s strategy, and this, along with financial strength, allowed demand for this bond to exceed the placement value by more than 6 times in a market where there is quite a bit of uncertainty,” said CMPC’s Finance Manager, Fernando Hasenberg.
The issuance is characterized as “Green and Sustainability-Linked,” meaning that the use of funds is to finance or refinance projects that qualify as green, and CMPC must meet certain sustainability objectives within agreed-upon timelines, monitored through Key Performance Indicators and Sustainability Performance Objectives, among others.
