As part of its financing plan, the Coopeuch credit union made its first bond issue in the Japanese market, under its international bond program (GMTN), for a total amount of US $ 27 million, at a coupon rate. of 1.05% and 7 years term.
It should also be mentioned that this is the first placement made by a credit union in Latin America in the Asian market and also the first bond of a Latin American issuer that will be used to finance loans to the education sector, precisely where Coopeuch has a high presence , with about 20% of its associates throughout the country belonging to it.
"Making this placement in the Asian market is a milestone in the sector of savings and credit cooperatives both nationally and internationally. It demonstrates the confidence of Japanese investors in our cooperative and in their business model, aimed at promoting the development of this sector, "said Coopeuch Finance and Administration Division Manager Claudio Ramírez.
Coopeuch is the first Chilean issuer, with BBB rating, to place in the demanding Japanese market, demonstrating the strength, efficiency and competitiveness of the cooperative.
This issue is added to the successful international placement made in Switzerland, in 2017, for an amount that reached US $ 128 million.
Uruguay Strengthens Legal Certainty with the Asia-Pacific Through the Anniversary of Investment Agreements with Malaysia and Japan
The bilateral investment instruments with both nations continue to provide robust legal certainty for investors and foster strategic projects, marking 24 and 9 years of entry into force, respectively.
