We assist Caja Los Andes, the leading social security services provider in Chile, representing more than 60% of the Chilean market. This time we were in charge of all legal aspects in connection with a local bond offering of USD60 million. Funds will be used to grant social security benefits and loans to its affiliates.
Bonds were registered with the Chilean Securities and Exchange Commission (SVS) on December, 2016 and were successfully placed on January 12th in the local market.
Caja Los Andes is a highly regulated entity, under the strict supervision of several authorities such as the SVS, the Superintendency of Social Security and the Superintendency of Banks, making our work more challenging in order to comply with these rules.
Counsel lists
Counsel to Caja Los Andes: Guerrero Olivos
Partner: Roberto Guerrero V. [email protected] Associates César Gálvez [email protected] and Diego Rodríguez [email protected]
In house Counsel Caja Los Andes: Andres Medina [email protected] and Jorge Cerda [email protected]
Date of closing
January 12th 2017
Deal value
USD60 million
Jurisdictions involved
Chile