Morales & Besa successfully advised SMU S.A. in the issuance and placement of its series AK bonds

June 19, 2020

Morales & Besa successfully advised  SMU S.A., in the issuance and placement in the local market of its series AK bonds for a total outstanding amount of UF 3,000,000 (approximately USD$ 105,100,000).

This transaction required a coordinated work among the company, its legal and financial advisors and the trustees of the bondholders. In addition, the transaction was complex considering that it was executed in the middle of the COVID-19 pandemic and the quarantine that was implemented by the local authorities.

The Morales & Besa team that participated in the transaction was led by partner Álvaro Barriga, along with capital markets senior associate, Andrea Díaz and associate Mariana Schnettler.