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.

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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

Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.

Practice head

The lawyer(s) leading their teams.

Pedro García