SMU announced that it successfully completed a bond issuance in the local market today for a total amount of UF 2,000,000 (approximately CLP 81 billion or USD 90 million), at an annual interest rate of 3.35%, representing a spread of 110 basis points over the benchmark rate. The offering was 1.75 times oversubscribed.

The issuance corresponds to Series AX bonds (ticker symbol BCSMU-AX), under bond line No. 1,193. The bonds have a six-year bullet maturity and a coupon rate of 2.90%. Proceeds from the issuance will be used entirely to refinance financial liabilities. The transaction attracted strong participation from institutional investors, including pension funds, insurance companies, and mutual funds.

Arturo Silva, SMU’s Corporate Administration and Finance Manager, stated: “We are very pleased with the confidence the market has shown in the Company and its future performance. Today’s issuance is part of our financial planning strategy, through which we seek to refinance our liabilities in an orderly manner, anticipate funding needs to take advantage of favorable market windows, and build a balanced debt maturity profile for the coming years. In doing so, we maintain our solid financial position, which allows us to remain fully focused on executing our strategic initiatives and creating value for all our stakeholders.”

SMU’s corporate bonds are rated AA- with a stable outlook by both of its credit rating agencies, Feller Rate and Moody’s Local Chile.