Corporate Finance

Morales & Besa Advises SMU on Placement of $111m Bond Deal


Morales & Besa has advised SMU S.A., as an issuer, in the issuance and placement of bonds in the local market for a total of $111m. The bonds, priced at an interest rate of 3.04%, are due in 2025. The deal took place on April 4th.


The funds raised will be destined to the total payment of the outstanding balance of the international bond of the company, for a total of $100m.


SMU is the third largest company in the supermarket industry in Chile. The company participates in several sectors, such as supermarket, construction, wholesale, convenience and telemarkets.


Morales & Besa acted as legal counsel to SMU S.A., with a team led by partner José Miguel Carvajal , assisted by Andrea Díaz and Isabel Cabeza.




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