The urban center company with a presence in Chile, Peru and Colombia made the issue in two series maturing in 4.5 and 9 years, respectively.
Santiago, 18 April 2024.- Mallplaza successfully placed UF 3 million in bonds on the local market this Thursday. The issue consists of two series and was carried out under the Dutch auction model.
The first was a 4.5-year bond for UF 1.5 million at a rate of 3.99% and a spread of 104 bps, which was oversubscribed by 3.5 times. For its part, the second was a 9-year bond for UF 1.5 million that was placed at 4.21% and a spread of 117 bps, with demand 2.7 times the amount issued.
The funds from this placement will be used to refinance liabilities and/or to finance investments in projects.
“Our bond placement was a success, which gives account of the market’s valuation of Mallplaza’s stock and financial performance. This is also a sign of the confidence that our business strategy is projecting, which is reflected in the positive results obtained and the steps and the steps we are taking for our growth in the region,” explains Derek Schwietzer Tang, Mallplaza Corporate Administration and Finance Manager.
The banks Banchile-Citi and Santander advised on the transaction, with the law firm Prieto Abogados acting as legal counsel.
