Carey advised Caja Los Andes on the inaugural 144A/Reg S offering in the international markets of its USD300 million 7.00% Social Notes due 2029. BofA Securities, J.P. Morgan Securities, Santander US Capital Markets, and SMBC Nikko Securities America acted as initial purchasers.

This is the first offering of securities in the foreign markets by a compensation fund in Chile. The proceeds of the offering will be used to finance or refinance the issuer’s social loans regime, enhancing the financial inclusion and social welfare of its more than four million affiliates.

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