The Company debuted in the local market, generating a great interest of pension funds, mutual funds and insurance companies, among others. The resources will be used to refinance its short-term debt and finance its expansion plan.
Patio Comercial successfully concreted its debut in the local capital market, through the placement of UF 2 million bonds (USD 81 million approx.). The resources obtained will be used by the Company to refinance its short-term debt and finance its expansion plan.
The issuance, which legal advice was provided by MB Abogados and Carey, was conducted placing series C bonds, with a term of 25 years and bullet amortization, at a 2.49% rate.
The bonds’ risk rating is equivalent to A, provided by Feller-Rate and ICR. Likewise, LarrainVial, Santander CIB and Itaú advised the placement as structuring and placement agents.
In the case of MB Abogados, Carolina Menichetti, Sybil O´Reilly and Francisco Pinochet participated in the operation.