Corporate Finance

Morales & Besa Advices SMU S.A. on placement of bonds in Chile


Morales & Besa, a Chilean law firm with more than 25 years´ experience, successfully advised SMU S.A., the third largest player supermarket in Chile, in the process of placing bonds in the local market for an estimated UF 1,000,000 (approximately $ 42m) at an interest rate of 3 % and with expiration date of September of next year.

 

This operation was led by José Miguel Carvajal, head of Morales & Besa, and Andrea Díaz and Isabel Cabeza, both senior associates.

 

This is the second time that Morales & Besa have advised on bond placement for SMU S.A., the first time being last April for a total amount of UF 3,000,000 (approximately  $ 126m).

 

The funds from this placement will be used to refinance SMU S.A.'s unrelated short and medium term financial debt.

 

C.G.L.

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