14
Sep
17:15
LITHIUM: Chile’s SQM to issue $700m in green bonds for eligible projects
Sociedad Química y Minera de Chile (SQM) is planning to raise $700 million with the issuance and sale of senior unsecured green bonds to finance certain projects, Kallanish reports.
The company said in a security filling late on Monday that the notes due 2051 will have an annual interest rate of 3.5%, with the transaction slated to close on 20 September.
Net proceeds of the transaction will cover the expenditures of the so-called Eligible Green Projects. …
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