Chilean football club to sell shares, bonds

Chilean football club to sell shares, bonds

Bonds Debt Fixed Income Equity Andean Latin America South America Chile

Chile’s Cruzados, the holding company for the Universidad Católica professional football club in Santiago, said its shareholders have approved plans to sell $41.5 million worth of bonds and shares to finance the expansion and remodeling of its stadium. Cruzados will sell up to UF400,000 ($16.5 million) worth of shares and UF600,000 ($25 million) in bonds, according to a press release. The proceeds will go to financing a two-year, $30 million project to increase the seating capacity of the San Ca

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