Barros & Errázuriz advises Universidad de Concepción on bond issuance
Barros & Errázuriz acted as legal counsel to the Universidad de Concepción, in Chile, in the issuance and private placement of its Series E bonds, issued under the bond program registered in the Securities Registry of the Financial Market Commission (CMF) under number 1,221.
The placement totaled the equivalent of 3,500,000 UF (approximately US$144.9 million). Proceeds from the Series E issuance were used to finance the early redemption of all outstanding Series C bonds, previously issued under the University’s bond program registered under number 989.
Barros & Errázuriz also advised the University on the full redemption process as well as on the establishment of the mortgage guarantees required for the transaction.
The deal was led by partners Emilio Vásquez (pictured left) and Javier Díaz (pictured right), supported by a team including senior associate Jorge Covarrubias and associates Andrés Vaccaro, Carol Urzúa, Catalina Carvallo, and María Ovalle.
