- The shopping center company with operations in Chile, Colombia and Peru made a placement at a rate of UF + 3.60%.
Santiago, 7 April 2022 – Mallplaza successfully completed the placement of bonds for a total of 3 million Unidades de Fomento. The 21-year issue with a bullet-type depreciation structure obtained a placement rate of UF + 3.60% and generated high demand. This meant a spread of 135 basis points above the benchmark.
“Investors’ strong interest in Mallplaza 21-year bullet-type bonds revealed the market’s confidence in our company’s financial solidity, positive results, long-term business model and its powerful value proposition,” said Mallplaza Corporate Manager of Administration and Finance Pablo Cortés.
On the latter, the executive highlighted Mallplaza’s value proposition based on multiple visiting purposes and mixed used, with constant growth and the incorporation of new categories and attractive brands, maximizing the location of its urban centers through a robust and differentiating omnichannel strategy that considers all of the ecosystem’s capacities with direct and swift access to a greater variety and volume of services and products grouped in a single physical-digital location.
Approximately 75% of the funds from this placement will be allocated to refinancing liabilities and 25% for new investments.
The banks Santander and Scotiabank, in addition to the law firm Prieto Abogados, advised the company on the transaction.
