The Company successfully completed a bond issue for an amount of UF 2.5 million (approximately US$ 96 million) in the local market.

The 21-year AK series bonds achieved a placement rate of 3.14%, with a spread of 94 basis points. Likewise, the transaction attracted strong interest among investors, reflected in a demand of more than 1.6 times the amount offered.

The proceeds of this transaction, for which Scotiabank acted as financial advisor and placement agent, will be used to finance investment projects of Empresas Copec and its subsidiaries.

With this, Empresas Copec completes a year of intense activity in the local bond market, completing a total of UF 9.2 million in instruments placed by the parent company.

“We are grateful for the continued good reception from investors, which reflects their confidence in the company and its track record. Empresas Copec has strengthened its competitive positions, consolidating a solid presence in different countries and businesses, successfully adopting a sustainable management model, focused on the long term and committed to creating value for all parties,” said Rodrigo Huidobro, Empresas Copec’s CFO.