Morales & Besa Advises Ingevec on Bonds Issuance and Registration

Morales & Besa has advised Ingevec S.A, a publicly held corporation, in the issuance and registration of a $53m line of bonds due to 2028, and in the placement of series B bonds, issued pursuant to such line of bonds for the same amount.

Founded in 1983, Ingevec S.A., a Santiago-based company, specializes in engineering and construction of public and private infrastructure in the country.

The funds obtained in the placement of the serie B bonds are going to be used, in part, to finance the prepayment of the outstanding serie A bonds of the company, improving its long term debt structure.

Partner José Miguel Carvajal, assisted by senior associate Andrea Díaz and associate Mariana Schnettler, acted as legal counsel to Ingevec.

[“source=forbes]