date:Sep 24, 2013
Embotelladora Andina, a Chile-based beverage firm and a Coca-Cola bottler, has outlined plans to offload $600m in international bonds due 2023.
The amount raised by selling the bonds will be used to finance the acquisition of Brazil-based Coke bottler Ipiranga, and other general corporate purposes.
In July 2013, Andina agreed to acquire Ipiranga for approximately $554m.
Embotelladora Andina chief executive Miguel Angel Peirano was quoted by The Wall Street Journal as saying, The [sector's] co