The 14-strong capital markets group at Garrigues Chile is routinely mandated to advise on bond issuances in the Chilean and international markets; and both domestic and foreign clients notably benefit from the international firm’s ability to leverage a global network of specialists. Recent highlights ranged from advising the banks on the issuance by the Republic of Chile of USD-denominated sustainable linked bonds, to assisting the underwriter with an update to a medium-term note programme. The team also advised the banks on their first issuances of AT1 bonds, which have no maturity date. Heading up the department, Pedro García focuses on cross-border and domestic matters involving debt securities, equity, liability management, debt restructuring, derivatives, and regulatory issues; banking and finance specialist Antonio Morales regularly assists with complex debt restructuring work; and Jaime de Larraechea has longstanding experience in capital markets, in addition to financing and M&A. In the firm’s associate ranks, principal Daniel Hernández, whose career includes a four-year stint at the Chilean Financial Market Commission, advises on debt securities and liability management transactions; Maria Fernanda Jara is particularly active in local and international bond issues; and intermediate Macarena Fuentes' broad practice includes capital markets matters.
Key clients
- Citigroup Global Markets
- HSBC Securities (USA)
- Santander Investment Securities
- Scotia Capital (USA)
- Crédit Agricole Corporate and Investment Bank (CA-IB)
- Banco Santander
- The Bank of Nova Scotia (London branch)
- Société Générale
- Credit Agricole Securities (USA)
- Santander US Capital Markets
- SG Americas Securities
- Bank of America (BofA)
- Itaú BBA USA Securities
- JP Morgan
- Goldman Sachs & Co
- BNP Paribas Securities Corp
- Natixis (New York branch)
- Banco del Estado de Chile
- Empresa Nacional del Petróleo (ENAP)
- Scotiabank Chile
- GTD Grupo Teleductos
- Ruta del Loa Sociedad Concesionaria
- Empresas Iansa
- Guacolda Energía
- Banco de Crédito e Inversiones (BCI)
- Banco BICE
Work highlights
- Advised the banks, as joint bookrunners, on the issuance of a sovereign sustainable bond by the Republic of Chile, valued at $3.1bn.
- Assisted the Chilean subsidiary of Scotiabank with updating its medium-term note programme.
- Advised the banks, as joint bookrunners, on the Republic of Chile’s issuance of sovereign sustainability-linked sovereign bonds, valued at $2.2bn.
Lawyers
Practice head
The lawyer(s) leading their teams.
Pedro García