Advice to Correos de Chile in the issuance and placement of bonds

September 8, 2017

Practice areas

Industries

Postal Service

Advice to Correos de Chile in the issuance and placement of bonds for 1,300,000 UF. The maturity of this issue is 30 years, with semi-annual interest payments and a 5-year grace period for the amortization of capital. This placement represents a milestone for CorreosChile since it is the first financial transaction with these characteristics.

The funds raised in the placement will be used to specify the strategic plan of the company, which aims to modernize the Post Office and refinance its responsibilities.

The operation had BBVA Corredores de Bolsa as an agent.

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