SANTIAGO (Dow Jones)--Chile's securities regulator has approved plans by integrated iron ore and steelmaker Cap SA (CAP.SN) to issue two series of 10-year local bonds worth a total $333 million, local newswire Valor Futuro reported Friday.
The funds will be used to refinance debt and/or to finance CAP's investment plan, which includes $250 million this year in its iron ore business, the report said.
The series will be denominated in Chile's inflation indexed currency unit, the UF.
Cap is one of the heavier weighted shares on the Ipsa blue-chip stock index and has been traded heavily in recent days, buoyed by higher commodity prices and a proposed joint venture between iron ore producers Rio Tinto PLC (RTP) and BHP Billiton Ltd (BHP).
Cap's shares were trading up 1% late on Friday at 14,950.00 Chilean pesos ($26.60), while the Ipsa was down 0.3%. In the past 52 weeks, Cap has traded at a high at CLP24,910.00 and a low of CLP6,670.40.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
0.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $15.77M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 63 | 0.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.7¢ | 788295 | 2 |
View Market Depth
| Last trade - 16.21pm 30/07/2025 (20 minute delay) ? |
| ADY (ASX) Chart |
Day chart unavailable