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] consolidation in Brazil follows what happened in Mexico."
Currently, Andina's executives are marketing the deal in the US and Europe, while JP Morgan, Itau BBA and Santander are overseeing the transaction.
Embotelladora Andina, which bottles and distributes Coca-Cola and other soft drinks, fruit juices, beer and mineral water, has reported a second-quarter net profit of $27m.
