MYS Masisa SA (New) Ads

The local rating of the issue by Feller-Rate and Fitch Ratings was A. SANTIAGO, Chile, June 7 /PRNewswire-FirstCall/ -- MASISA S.A. (NYSE:MYS) (hereinafter referred to as "Masisa" or "the Company"). Masisa, the leading furniture and interior architecture board production and marketing company in Latin America, secured its medium- and long-term financing by issuing bonds amounting to UF2,500,000 (equivalent to US$88 million). The transaction was arranged by IM Trust, a local investment bank. The F and G series bonds for UF500,000 (equivalent to US$17.6 million) each have a 5-year term, and the H series bonds for UF1,500,000 (equivalent to US$52.8 million) have a 21-year term, and were sold on the Santiago Stock Exchange at annual rates of 3.73%, 3.72% and 4.64% for the F, G and H series, respectively. The spreads over the bonds of the Chilean Central Bank were 80bps for the F and G series and 114bps for the H Series The total demand exceeded UF5,950,000 (equivalent to US$209.4 million), i.e., 2.38 times the offering. It should be noted that this issue is the first corporate bond issue made after the announcement of the extension of the foreign investment limits applicable to the Chilean pension fund companies (AFPs). This transaction is part of the Company's plan to refinance its A series bonds placed in 2003. The placement conditions obtained by Masisa largely reflect the market's good perception of the Company, its industry and its sound financial condition. Enrique Cibie, Masisa's CEO, expressed his satisfaction regarding the excellent conditions the Company obtained in the placement, which to a large extent reflect the favorable market perception of the Company's outlook. The issue was mainly purchased by institutional investors, including pension funds, insurance companies, mutual funds, banks, stockbrokers and asset managers. Forecasts and Estimates This press release may contain forecasts, which are different statements from historical facts or current conditions, and include the management's current vision and estimates of future circumstances, industry conditions and the Company's performance. Some forecasts may be identified by the use of terms such as "may," "should," "anticipates," "believes," "estimates," "expects," "plans," "intends," "forecasts" and other similar expressions. Statements about future market share, projected future competitive strengths, the implementation of significant operating and financial strategies, the direction of future operations, and the factors or trends affecting financial conditions, liquidity, or operating income are examples of forecasts. Such statements reflect the current management vision and are subject to various risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. These statements are made based on many assumptions and factors, including general economic and market conditions, industry conditions and operating factors. Any changes in such assumptions or factors could lead to the current results of Masisa, and the projected Company activities, to materially differ from current expectations. DATASOURCE: Masisa CONTACT: Investor Relations of Masisa, (56 2) 350 6038, Web site: http://www.masisa.com/

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