Of the debt issues of companies are preparing in the Uruguayan capital market, in which small savers will be able to invest. Both will be in Indexed Units (UI) to inflation, for the equivalent of approximately US$ 20 million.
On the one hand Ciemsi Capital (the company that channels the investments of Ciemsi Group in concessions, public-private participation projects -PPP- and other infrastructure projects) will issue Negotiable Obligations (ON) for an amount of 100 million UI (equivalent to approximately US$ 16 million).
The operation, structured by Nobilis Bolsa Corridorhas a term of 15 years, will offer a nominal annual interest rate of 5.75% and will be carried out under the Simplified Public Offer Issuance regime.
“This issuance represents an opportunity for investors to participate in the financing of long-term infrastructure projects, through an instrument in UI and with a guarantee scheme that combines the flows of three specific assets (the new Fray Bentos border crossing, the internment unit for people deprived of liberty under PPP and the third linked to the development of the Metropolitan Water infrastructure in Aguas Corrientes) plus the solidarity support of Ciemsa, he said. María José Zerbinohead of Capital Markets at Nobilis in a statement.
Photo: Leonardo Mainé.
“We are working on structuring a proposal that will bring new investment alternatives linked to infrastructure development to the Uruguayan capital market,” he added.
Subscription will take place at Montevideo Stock Exchange (BVM) on November 24. The retail tranche, which will represent 10% of the issue amount. will allow individual subscriptions of up to 500,000 UI (about US$82,500). The general tranche represents 40% of the issue amount, and without a maximum limit per investor, and Nobilis, as the structurer, reserves the remaining 50% to place with its clients.
On the other hand, the remote entry and building security company Foxsys will issue ONs for 24,277,177 UI (about US$ 4 million), in a program authorized for up to 100 million UI.
In this case, the issue has a six-year term plus two years of grace and pays an annual interest of 6.5%.
Foto: Foxsys.
To guarantee payment Foxsys constitutes the “Foxsys 3 UI Bonus” Guarantee Trustto which it assigns its present and future credit rights against the buildings and administrations of common client expenses.
In this case INXTO Partners is the structurer and the subscription will be in the Electronic Stock Exchange (Beer) on November 26 and 27.
The firm will use the funds for financial reprofiling and investment in the technological development of the business.
Source: www.elpais.com.uy
