Empresas Copec S A : successfully completes US$59 million bond placement

The Company's placement was worth UF1,500,000 (approximately US$59 million) and evidenced the market's high level of interest, with demand exceeding the amount offered by 2.7 times.

"We are thankful for the great response from a broad base of investors. It is a sign of the market's confidence in our Company, which has been deepening its competitive advantages, has presence in different countries and industries, and implements a sustainable business model that is designed for the long-term reflecting a commitment to creating value for all parties," said Rodrigo Huidobro, Empresas Copec's Chief Financial and Administration Officer.

The bonds were structured under Series AC, with a 7-year term and a placement rate of 3.86%, with Scotiabank as placement agent. The proceeds will be used 100% to refinance short and/or long-term liabilities of the Company and/or its subsidiaries.