Soboce issues US$35m bonds

Soboce issues US$35m bonds
Published: 24 March 2004

Bolivia’s leading cement producer, Soboce, issued US$35m in bonds Monday (Mar. 22) to help restructure its debts.  Issued as "Soboce bonds IV", interest will be payable every 180 days. Pacific Credit Ratings has rated the bonds at AA3.  The company is still waiting to see if a proposed merger with rival Fancesa will proceed. Soboce owns one third of its smaller rival and is waiting for another shareholder to decide whether to proceed with the merger.