Morales & Besa advised Forum Financial Services S.A in the submission of six series of commercial paper

July 4, 2017

Morales & Besa successfully advised Forum Financial Services S.A. (“Forum”), part of BBVA Group, in registering on the Securities Registry of the Superintendency of Securities and Insurance six series of commercial paper for the sum of $10,000,000,000 (US$ 15,357,900 approximately) for each series.

The advice of M&B involved the preparation of all necessary documents for the submission to the Superintendency of Securities and Insurance of the application for registration of the trade effects series documentation. This also involved coordinating with the team BBVA Corredores de Bolsa Limited, who acted as financial advisors to the issuer.

The team at M&B was led by Partner Jose Miguel Carvajal, with Senior Associate Edmundo Varas and Associates Isabel Cabeza and María Francisca Estrougo.

Forum is a leader in automotive finance, credit and leasing grants to natural persons and companies. It operates through a network of 360 dealers and 665 outlets throughout Chile.