Chilean football club scores money for stadium

Chilean football club scores money for stadium

Bonds Debt Fixed Income Equity Chile Capital Markets

Cruzados, the holding company for the Universidad Católica football club in Chile, said it has raised $33.3 million in the sale of bonds and shares to finance the expansion and remodeling of its stadium in Santiago. The company sold UF600,000 ($22.8 million) in 20-year notes — its debut bond sale — and CLP9.1 billion ($10.5 million) in new shares, according to securities filings. Cruzados priced the inflation-linked bonds 565 basis points over UF, or unidad de fomento, a unit of account that is

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