Projects
- Antitrust / Competition
- Banking & Finance
- Capital Markets
- Criminal Law & Compliance
- Corporate
- Intellectual Property and Data Protection
- Labor & Employment
- Litigation, Arbitration & Dispute Resolution
- Mergers & Acquisitions
- NGOs, Philanthropy and Conservation
- Public Law
- Pro Bono
- Real Estate & Construction
- Tax
Capital Markets

Clients rely on our ability to navigate the ever evolving market and provide efficient and proactive solutions to their needs.We are known for our leading practice in capital markets which includes advising and executing initial public offerings, secondary offerings and private placements of equity, debt and hybrid securities.
We routinely participate in the issuance and placement of shares, ADRs and rights offerings of Chilean issuers, shares of investment funds, corporate and sovereign bonds, short-term and commercial paper, securitisations and other fixed income instruments, all in the domestic and international markets (privately offered or registered) and for trading (exchange or over the counter).
In addition to our transactional practice, we have a uniquely qualified group of practitioners dedicated to advise on securities regulation and compliance matters.
Our clients include major domestic and international investment banks, underwriters, placement agents, as well as a host of broker dealers, traders, distributors and investors that use our execution capabilities and regulatory practice. On the issuer side, we represent first time and seasoned issuers and sellers of debt and equity securities.
Awards & Recognition
Ranked Band 2 Chambers & Partners Latin America 2020
Ranked Tier 1 IFLR1000
“What the team is known for Solid full-service firm with an established capital markets team, assisting a variety of local and international clients. Well placed to advise on equity transactions, including initial public offerings and secondary offerings. Provides counsel to underwriters and issuers in debt issuances and regulatory matters”.
“Strengths Clients are complimentary about the firm’s service, with one source stating: ‘They provide an excellent service, which is very proactive and thorough in analysis. They take tasks forward finding appropriate issues and diligently finding solutions'”.
Chambers & Partners Latin America 2020
Contacto
- Guillermo Morales E.
- gmorales@moralesybesa.cl
- +56 2 2472 7007
- José Miguel Carvajal D.
- jmcarvajal@moralesybesa.cl
- +56 2 2472 7064
- Andrea Díaz T.
- adiaz@moralesybesa.cl
- +56 2 2472 7015
Experience in Capital Markets
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29 de July de 2021
Morales & Besa advised Enjoy S.A. in the implementation and conversion of its bonds series Q and R -
23 de December de 2020
Morales & Besa advised SMU S.A. in the issuance and placement in the local market of its Series AL Bonds -
11 de November de 2020
Morales & Besa advised AVLA S.A. in the execution of a voluntary prepayment offer of commercial papers an in the placement of its Series A inaugural Bonds -
26 de June de 2020
Morales & Besa advised Viña San Pedro Tarapacá S.A. in the issuance and placement of its series D bonds -
19 de June de 2020
Morales & Besa successfully advised SMU S.A. in the issuance and placement of its series AK bonds -
5 de May de 2020
Morales & Besa advised the Republic of Chile in the issuance of Sovereign Bonds for up to US$ 2.000 million -
16 de April de 2020
Morales & Besa advised Ingevec S.A. in a voluntary redemption offer of part of its outstanding Series C notes -
2 de March de 2020
Morales & Besa advised Cencosud S.A. in a redemption process of its outstanding international notes -
29 de January de 2020
Morales & Besa successfully advised the State of Chile in the issuance, placement and repurchase of green sovereign bonds in Euros and Dollars -
21 de January de 2020
Morales & Besa successfully advised the initial purchasers on the issuance and placement of the international bond of Embotelladora Andina S.A.
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24 de June de 2021
Andrea Díaz promoted to partnership at Morales & Besa -
22 de May de 2020
Morales & Besa leads Latin Lawyer ranking on debt issues in Chile -
7 de April de 2020
Morales & Besa shortlisted in three categories of the IFLR Americas Awards 2020 -
31 de March de 2020
Morales & Besa is recognized once again by Latin Lawyer as an Elite firm -
28 de February de 2020
Chile’s sovereign green bonds, finalists in Latin Lawyer’s Deal of the Year award in the Capital Markets category -
5 de February de 2020
Cencosud Shopping’s IPO and the first sovereign green bond issues in Chile and Latin America were awarded Deal of the Year 2019 by LatinFinance -
27 de November de 2019
Guillermo Morales on “Sustainable Opportunities: The Dynamics of Green Bonds and Social Investment” at a Latin Lawyer conference in Brazil -
18 de April de 2019
Morales & Besa: No. 1 in capital markets in Chile – Latin Lawyer capital markets league table 2018 -
10 de December de 2018
International intern in M&B: Izabel Siqueiras from Lobo de Rizzo Advogados -
6 de December de 2018
Guillermo Morales took part in the Latin Lawyer Live Capital Markets, São Paulo -
13 de January de 2017
Morales & Besa invites clients to seminar “Practical cases of financial restructurings: Investing under a new regulatory framework” -
4 de November de 2016
Morales & Besa recognised as Tier 1 firm by IFLR1000 -
3 de March de 2016
Morales & Besa distinguished in Latin Lawyer 250 Chile -
6 de March de 2015
Morales & Besa announces new partners -
7 de October de 2014
Morales & Besa features in Chambers & Partners and Legal 500 -
29 de August de 2014
Morales & Besa sponsors Chile Day 2014 -
13 de September de 2013
Morales & Besa highlighted in Chambers and Partners and Legal 500
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28 de August de 2017
Morales & Besa collaborates with the anniversary edition of “Doing Business in Chile” published by the Chilean-British Chamber of Commerce -
15 de August de 2017
Matías Langevin and Vicente Valdés collaborate on a guide of Initial Public Offerings -
22 de January de 2013
Doing Business in Chile: Corporate Securities Market