Oct 19, 2008. /Lesprom.com/. Chile wood products maker Masisa plans to issue up to $120 million in bonds to help refinance short-term debt, according to a report by brokerage Banchile Inversiones. The brokerage said Masisa, Latin America's largest manufacturer of wood panels, will place the bonds between November and December, and issue between $15 and $20 million in short-term debt. Masisa also plans to secure bank credit of either $50 million or $80 million, Banchile said. Masisa said earlier this month it was selling its Rio Negrinho sawmill in Brazil in a private auction as it finances a forestry investment plan and pays down debt. Currently, the company has total consolidated debt of $691 million, with $134 million expiring in 2008 and $189 million expiring next year.