Independencia S.A. has completed the placement of senior bonds
Independencia S.A. has completed a fundraising.
Independencia started its activities in 1990, when the Chilean Pension Fund Administrators (AFP) began investing in the real estate business through the company Rentas Inmobiliarias S.A. The real estate income fund Fondo Rentas Inmobiliarias was constituted in 1995 with approximately US$80 million assets under management. Currently, the fund is composed of real estate assets that include 15 offices, 45 commercial premises and 11 distribution centers throughout Chile, as well as four properties in the US. To date, it is the largest real estate fund in Chile, with over US$680 million assets under management.
Oaklins’ team in Chile successfully completed a placement of the third bond of Fondo Rentas Inmobiliarias Independencia in the local capital market for US$85m. Proceeds were used to refinance the first bond issued in 2016 with maturity in July 2021. The placement was carried out through best effort, a placement system that had not been used for corporate bonds since October 2019, due to the high volatility of the market and the need to secure demand through a private sale.
Contáctese con el equipo de la transacción
Transacciones relacionadas
Vastned Belgium has received a fairness opinion on its reverse cross-border merger with Vastned Retail
The committee of independent members of the Board of Directors of Vastned Belgium, a listed Belgium-based company, has obtained a fairness opinion in the context of a cross-border reverse merger with Vastned Retail, a listed Netherlands-based company.
Aprenda másArtisJP has sold 500 ha of farmland to the Land Fund of Latvia
ArtisJP has sold 500 hectares of agricultural land in the Ventspils region of western Latvia to the Land Fund of Latvia, managed by the Latvian state finance institution Altum.
Aprenda másSurcos has completed a liability managament process
The shareholders of Surcos have completed a liability management process, which includes the issuance of US$5 million and a debt exchange totaling US$20 million.
Aprenda más