On Wednesday, March 22, the Chilean real estate firm, Parque Arauco, announced the successful placement of bonds in the local market for a total of UF3,000,000 (approximately US$130 million).
Morales & Besa advised Parque Arauco on the issue, which was placed at a rate of 3.15%, in line with the interest rate levels paid on average by the company's financial debt, under its 10-year and 30-year bond lines. The transaction was led by capital markets partner Andrea Díaz, together with associate Abel Flores.
This transaction enhances the company's liquidity and is part of its financial plan, which aims to continue flattening its debt maturity profile, seeking stable amortizations in the future.