- Today the shopping center company with a presence in Chile, Colombia and Peru, and which currently has about 35% of its leasable area operating, successfully issued bonds at a placement rate of UF + 1.30% and maturing in 9.5 years.
- Plaza S.A., with a risk rating of AA+ awarded by three rating agencies, will use these funds to refinance liabilities, strengthening its debt structure and profile even further.
Santiago, 19 June 2020 – Mallplaza successfully completed the placement of bonds for a total of 4 million Unidades de Fomento. The 9.5-year issue with a bullet-type depreciation structure obtained a placement rate of UF +1.30%.
The funds from this placement will be used to refinance liabilities and improve its long-term debt structure by increasing the duration of its total indebtedness.
The strong investor interest in the placement reinforces the market’s confidence in its financial soundness and business model with its omnichannel regional shopping center strategy, which seeks to enhance a safe and fluid customer visiting experience, whether physical or virtual.
The transaction was advised by Banchile and Scotiabank.
Mallplaza currently operates around 35% of its leased of the leasable area in its 23 shopping centers in Chile, Peru and Colombia, and continues to make progress toward its gradual opening with strict health and safety protocols coordinated with the authorities.
