Morales & Besa advises Cencosud S.A. in bonds issue

December 12, 2016

Morales & Besa advised Cencosud S.A. as the issuer of the bonds in connection with the issuance, registration with the SVS (market regulator) and placement in the local capital markets of three series of dematerialized bearer bonds with a principal amount of UF 7 million (US$ 274,977,578 app) the proceeds of which were used to refinance existing indebtedness.

As a result of the process, Cencosud S.A. placed the Series P and Series R bonds with a total principal amount of UF 7,000,000.

BBVA Asesorías Financieras S.A. and BCI Asesoría Financiera S.A. acted as placement agents.

The team at Morales & Besa was led by Guillermo Morales with Senior Associate Edmundo Varas and Associate María José Rojas.