{"id":7157,"date":"2026-03-24T12:05:34","date_gmt":"2026-03-24T12:05:34","guid":{"rendered":"https:\/\/amicorp.com\/a-bond-deal-that-helped-stabilize-chilean-energy-industry\/"},"modified":"2026-04-10T08:39:14","modified_gmt":"2026-04-10T08:39:14","slug":"a-bond-deal-that-helped-stabilize-chilean-energy-industry","status":"publish","type":"post","link":"https:\/\/amicorp.com\/es\/a-bond-deal-that-helped-stabilize-chilean-energy-industry\/","title":{"rendered":"A bond deal that helped stabilize Chilean energy industry"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row gap=\u00bb35&#8243; content_placement=\u00bbtop\u00bb css=\u00bb.vc_custom_1773225766897{margin-top: 0px !important;margin-bottom: 0px !important;border-color: #152968 !important;}\u00bb tablet_padding_left=\u00bb40&#8243; tablet_padding_right=\u00bb40&#8243; mobile_padding_left=\u00bb10&#8243; mobile_padding_right=\u00bb10&#8243;][vc_column][vc_empty_space height=\u00bb20px\u00bb][\/vc_column][\/vc_row][vc_row gap=\u00bb35&#8243; content_placement=\u00bbtop\u00bb css=\u00bb.vc_custom_1773225766897{margin-top: 0px !important;margin-bottom: 0px !important;border-color: #152968 !important;}\u00bb tablet_padding_left=\u00bb40&#8243; tablet_padding_right=\u00bb40&#8243; mobile_padding_left=\u00bb10&#8243; mobile_padding_right=\u00bb10&#8243;][vc_column width=\u00bb1\/3&#8243;]<div class=\"thegem-te-heading thegem-custom-69f75058c28455993\" ><script type=\"text\/javascript\">(function() {function TheGemHeading() {this.animateClass = 'thegem-heading-animate';this.animatedClass = 'thegem-heading-animated';}TheGemHeading.prototype = {initialize: function () {let items =document.querySelectorAll('.'+this.animateClass);items.forEach((item)=>{if (this.isElementVisible(item)) {this.prepareAnimation(item);this.startAnimation(item);}});if ('ResizeObserver' in window) {const resizeObserver = new ResizeObserver((entries) => {entries.forEach((entry) => {this.prepareAnimation(entry.target);});});items.forEach((item) => {resizeObserver.observe(item);});}if ('IntersectionObserver' in window) {let intersectionObserver = new IntersectionObserver((entries)=>{entries.forEach((entry)=> {if (entry.isIntersecting) {this.startAnimation(entry.target);intersectionObserver.unobserve(entry.target);}});});items.forEach((item)=>{intersectionObserver.observe(item);this.prepareAnimation(item);});} else {items.forEach((item)=>{this.prepareAnimation(item);this.startAnimation(item);});}},isElementVisible: function (element) {let rect= element.getBoundingClientRect(),width= window.innerWidth || document.documentElement.clientWidth,height = window.innerHeight || document.documentElement.clientHeight,efp= (x, y) => document.elementFromPoint(x, y);if (rect.right < 0 || rect.bottom < 0 || rect.left > width || rect.top > height) return false;return (element.contains(efp(rect.left,rect.top)) ||element.contains(efp(rect.right, rect.top)) ||element.contains(efp(rect.right, rect.bottom)) ||element.contains(efp(rect.left,rect.bottom)));},startAnimation: function (element) {if (element && !element.classList.contains(this.animatedClass)) {element.classList.add(this.animatedClass);element.classList.remove(this.animateClass);element.dispatchEvent(new Event('theGemHeading.startAnimation', {bubbles: true}));}},prepareAnimation: function (element) {if (element\/* && !element.isPreparedAnimation*\/) {element.dispatchEvent(new Event('theGemHeading.prepareAnimation', {bubbles: true}));\/*element.isPreparedAnimation = true;*\/}}};window.theGemHeading = new TheGemHeading();document.addEventListener('DOMContentLoaded', function() {window.theGemHeading.initialize();});})();<\/script><div id=\"thegem-heading-69f75058c2309\" class=\"thegem-heading thegem-custom-heading-69f75058c23048286 title-h6 fade-lr thegem-heading-animate\" style=\"text-align: left;\" ><span class=\"colored\" style=\"color: #152968;\">Overview<\/span><\/div><style type=\"text\/css\">#thegem-heading-69f75058c2309 {margin: 0;}#thegem-heading-69f75058c2309 {max-width: 580px;}#thegem-heading-69f75058c2309 a:hover, #thegem-heading-69f75058c2309 a:hover span.colored {color: var(--thegem-to-menu-level1-color-hover, #00BCD4) !important;}<\/style><\/div><style>@media screen and (max-width: 1023px) {.thegem-heading.thegem-custom-heading-69f75058c23048286{display: block!important;}}@media screen and (max-width: 767px) {.thegem-heading.thegem-custom-heading-69f75058c23048286{display: block!important;}}@media screen and (max-width: 1023px) {.thegem-heading.thegem-custom-heading-69f75058c23048286{position: relative !important;}}@media screen and (max-width: 767px) {.thegem-heading.thegem-custom-heading-69f75058c23048286{position: relative !important;}}<\/style><div class=\"thegem-te-heading thegem-custom-69f75058c2a576277\" ><h2 id=\"thegem-heading-69f75058c2942\" class=\"thegem-heading thegem-custom-heading-69f75058c29406590 title-h1 wpb_animate_when_almost_visible fadeIn wpb_fadeIn\" style=\"text-align: left;\" ><span>01<\/span><\/h2><style type=\"text\/css\">#thegem-heading-69f75058c2942 {margin: 0;}#thegem-heading-69f75058c2942 {-webkit-animation-delay: 700ms; -moz-animation-delay: 700ms; -o-animation-delay: 700ms; animation-delay: 700ms;}#thegem-heading-69f75058c2942:hover > span, #thegem-heading-69f75058c2942:hover > a, #thegem-heading-69f75058c2942:hover span.colored {color: #00000000 !important;}<\/style><\/div><style>@media screen and (max-width: 1023px) {.thegem-heading.thegem-custom-heading-69f75058c29406590{display: block!important;}}@media screen and (max-width: 767px) {.thegem-heading.thegem-custom-heading-69f75058c29406590{display: block!important;}}@media screen and (max-width: 1023px) {.thegem-heading.thegem-custom-heading-69f75058c29406590{position: relative !important;}}@media screen and (max-width: 767px) {.thegem-heading.thegem-custom-heading-69f75058c29406590{position: relative !important;}}<\/style>[\/vc_column][vc_column width=\u00bb2\/3&#8243;][vc_column_text css=\u00bb\u00bb]<\/p>\n<h4>What was the issue?<\/h4>\n<p>The Chilean energy industry was under intense pressure following the introduction of a new stabilization law by the government to limit the impact of mounting energy costs on consumers due to rising oil prices and other sharp cost increases being felt across the energy market. Law No. 21,472, known as the MPC Law, was introduced to limit the increase of electricity bills on consumers over the short-term, and instead allow such increases to be incurred gradually over 10 years.[\/vc_column_text]<div class=\"gem-list gem-list-type-double-arrow\" ><ul>\n<li>Industry: <strong>Energy<\/strong><\/li>\n<li>Specialties: <strong>Structured Financing<\/strong><\/li>\n<li>Location: <strong>Chile<\/strong><\/li>\n<\/ul>\n<\/div>[\/vc_column][\/vc_row][vc_row gap=\u00bb35&#8243; content_placement=\u00bbtop\u00bb css=\u00bb.vc_custom_1773225766897{margin-top: 0px !important;margin-bottom: 0px !important;border-color: #152968 !important;}\u00bb tablet_padding_left=\u00bb40&#8243; tablet_padding_right=\u00bb40&#8243; mobile_padding_left=\u00bb10&#8243; mobile_padding_right=\u00bb10&#8243;][vc_column][vc_separator color=\u00bbcustom\u00bb css=\u00bb\u00bb accent_color=\u00bb#152968&#8243;][\/vc_column][\/vc_row][vc_row gap=\u00bb35&#8243; content_placement=\u00bbtop\u00bb css=\u00bb.vc_custom_1773225766897{margin-top: 0px !important;margin-bottom: 0px !important;border-color: #152968 !important;}\u00bb tablet_padding_left=\u00bb40&#8243; tablet_padding_right=\u00bb40&#8243; mobile_padding_left=\u00bb10&#8243; mobile_padding_right=\u00bb10&#8243;][vc_column width=\u00bb1\/3&#8243;]<div class=\"thegem-te-heading thegem-custom-69f75058c2c651414\" ><div id=\"thegem-heading-69f75058c2b57\" class=\"thegem-heading thegem-custom-heading-69f75058c2b554461 title-h6 fade-lr thegem-heading-animate\" style=\"text-align: left;\" ><span class=\"colored\" style=\"color: #152968;\">Our approach<\/span><\/div><style type=\"text\/css\">#thegem-heading-69f75058c2b57 {margin: 0;}#thegem-heading-69f75058c2b57 {max-width: 580px;}#thegem-heading-69f75058c2b57 a:hover, #thegem-heading-69f75058c2b57 a:hover span.colored {color: var(--thegem-to-menu-level1-color-hover, #00BCD4) !important;}<\/style><\/div><style>@media screen and (max-width: 1023px) {.thegem-heading.thegem-custom-heading-69f75058c2b554461{display: block!important;}}@media screen and (max-width: 767px) {.thegem-heading.thegem-custom-heading-69f75058c2b554461{display: block!important;}}@media screen and (max-width: 1023px) {.thegem-heading.thegem-custom-heading-69f75058c2b554461{position: relative !important;}}@media screen and (max-width: 767px) {.thegem-heading.thegem-custom-heading-69f75058c2b554461{position: relative !important;}}<\/style><div class=\"thegem-te-heading thegem-custom-69f75058c2ddf3587\" ><h2 id=\"thegem-heading-69f75058c2cf7\" class=\"thegem-heading thegem-custom-heading-69f75058c2cf61691 title-h1 wpb_animate_when_almost_visible fadeIn wpb_fadeIn\" style=\"text-align: left;\" ><span>02<\/span><\/h2><style type=\"text\/css\">#thegem-heading-69f75058c2cf7 {margin: 0;}#thegem-heading-69f75058c2cf7 {-webkit-animation-delay: 700ms; -moz-animation-delay: 700ms; -o-animation-delay: 700ms; animation-delay: 700ms;}#thegem-heading-69f75058c2cf7:hover > span, #thegem-heading-69f75058c2cf7:hover > a, #thegem-heading-69f75058c2cf7:hover span.colored {color: #00000000 !important;}<\/style><\/div><style>@media screen and (max-width: 1023px) {.thegem-heading.thegem-custom-heading-69f75058c2cf61691{display: block!important;}}@media screen and (max-width: 767px) {.thegem-heading.thegem-custom-heading-69f75058c2cf61691{display: block!important;}}@media screen and (max-width: 1023px) {.thegem-heading.thegem-custom-heading-69f75058c2cf61691{position: relative !important;}}@media screen and (max-width: 767px) {.thegem-heading.thegem-custom-heading-69f75058c2cf61691{position: relative !important;}}<\/style>[\/vc_column][vc_column width=\u00bb2\/3&#8243;][vc_column_text css=\u00bb\u00bb]<\/p>\n<h4>How did we address it?<\/h4>\n<p>To reduce the impact on energy companies due to the deferral of payments established by the MPC Law, IDB Invest structured a financing facility, entailing a substantial \u201cA\/B\u201d bond being set up to create liquidity in the energy market.<\/p>\n<p>As part of this financing structure, these deferrals were backed by payment certificates issued by the MPC Fund, that was created as part of this law. IDB Invest agreed to purchase all eligible payment certificates from the fund \u2013 with USD 180 million for portion \u201cA\u201d being financed from its own resources, and portion \u201cB\u201d financed through the issuance of credit notes in the global debt market.<\/p>\n<p>Amicorp worked alongside Goldman Sachs Co. LLC, who led the two bond issuances as the arranger and Global Sale Coordinator, J.P. Morgan Securities LLC and Itau BBA USA Securities Inc. as joint bookrunners, and Clifford Chance who acted as legal advisers.<\/p>\n<p>According to Clifford Chance, this was the first multiple-tranche B-bond ever that\u2019s structured to accommodate and mobilize a wide investor base under the (i) Rule 144A\/Regulation S and (ii) Section 4(a)(2) private placement formats. In addition to being one of the largest private capital market issuances in Latin America, the transaction reflects an effective collaboration between the public and private sectors to design and execute bespoke, tailored, and scalable financial solutions that contribute to improving the quality of life of consumers.<\/p>\n<p>The deal was recognized at the\u00a0<a href=\"https:\/\/www.linkedin.com\/company\/latinfinance\/\">LatinFinance<\/a>\u00a0Deals of the Year Awards where it picked up the \u2018Structured Financing of the Year&#8217; award.[\/vc_column_text][\/vc_column][\/vc_row][vc_row gap=\u00bb35&#8243; content_placement=\u00bbtop\u00bb css=\u00bb.vc_custom_1773225766897{margin-top: 0px !important;margin-bottom: 0px !important;border-color: #152968 !important;}\u00bb tablet_padding_left=\u00bb40&#8243; tablet_padding_right=\u00bb40&#8243; mobile_padding_left=\u00bb10&#8243; mobile_padding_right=\u00bb10&#8243;][vc_column][vc_separator color=\u00bbcustom\u00bb css=\u00bb\u00bb accent_color=\u00bb#152968&#8243;][\/vc_column][\/vc_row][vc_row gap=\u00bb35&#8243; content_placement=\u00bbtop\u00bb css=\u00bb.vc_custom_1773225766897{margin-top: 0px !important;margin-bottom: 0px !important;border-color: #152968 !important;}\u00bb tablet_padding_left=\u00bb40&#8243; tablet_padding_right=\u00bb40&#8243; mobile_padding_left=\u00bb10&#8243; mobile_padding_right=\u00bb10&#8243;][vc_column width=\u00bb1\/3&#8243;]<div class=\"thegem-te-heading thegem-custom-69f75058c2f715084\" ><div id=\"thegem-heading-69f75058c2e6a\" class=\"thegem-heading thegem-custom-heading-69f75058c2e698499 title-h6 fade-lr thegem-heading-animate\" style=\"text-align: left;\" ><span class=\"colored\" style=\"color: #152968;\">Our solutions<\/span><\/div><style type=\"text\/css\">#thegem-heading-69f75058c2e6a {margin: 0;}#thegem-heading-69f75058c2e6a {max-width: 580px;}#thegem-heading-69f75058c2e6a a:hover, #thegem-heading-69f75058c2e6a a:hover span.colored {color: var(--thegem-to-menu-level1-color-hover, #00BCD4) !important;}<\/style><\/div><style>@media screen and (max-width: 1023px) {.thegem-heading.thegem-custom-heading-69f75058c2e698499{display: block!important;}}@media screen and (max-width: 767px) {.thegem-heading.thegem-custom-heading-69f75058c2e698499{display: block!important;}}@media screen and (max-width: 1023px) {.thegem-heading.thegem-custom-heading-69f75058c2e698499{position: relative !important;}}@media screen and (max-width: 767px) {.thegem-heading.thegem-custom-heading-69f75058c2e698499{position: relative !important;}}<\/style><div class=\"thegem-te-heading thegem-custom-69f75058c30f45519\" ><h2 id=\"thegem-heading-69f75058c300c\" class=\"thegem-heading thegem-custom-heading-69f75058c300b1803 title-h1 wpb_animate_when_almost_visible fadeIn wpb_fadeIn\" style=\"text-align: left;\" ><span>03<\/span><\/h2><style type=\"text\/css\">#thegem-heading-69f75058c300c {margin: 0;}#thegem-heading-69f75058c300c {-webkit-animation-delay: 700ms; -moz-animation-delay: 700ms; -o-animation-delay: 700ms; animation-delay: 700ms;}#thegem-heading-69f75058c300c:hover > span, #thegem-heading-69f75058c300c:hover > a, #thegem-heading-69f75058c300c:hover span.colored {color: #00000000 !important;}<\/style><\/div><style>@media screen and (max-width: 1023px) {.thegem-heading.thegem-custom-heading-69f75058c300b1803{display: block!important;}}@media screen and (max-width: 767px) {.thegem-heading.thegem-custom-heading-69f75058c300b1803{display: block!important;}}@media screen and (max-width: 1023px) {.thegem-heading.thegem-custom-heading-69f75058c300b1803{position: relative !important;}}@media screen and (max-width: 767px) {.thegem-heading.thegem-custom-heading-69f75058c300b1803{position: relative !important;}}<\/style>[\/vc_column][vc_column width=\u00bb2\/3&#8243;][vc_single_image image=\u00bb7159&#8243; img_size=\u00bbfull\u00bb css=\u00bb\u00bb][vc_column_text css=\u00bb\u00bb]<\/p>\n<h4>Amicorp\u2019s services in this award-winning deal.<\/h4>\n<p>Amicorp colleagues from Uruguay, Chile, Luxembourg and our Netherlands offices played a part in making this a success. Our roles spanned:<\/p>\n<ul>\n<li>Set up and administration of a Luxembourg Special Purpose Vehicle (\u201cSPV\u201d), on behalf of the issuer<\/li>\n<li>Set up and administration of a Stichting entity<\/li>\n<li>Onshore Administrative Agent<\/li>\n<li>Onshore Verification Agent<\/li>\n<li>Onshore Calculation Agent<\/li>\n<\/ul>\n<p>If you would like to find more about how Amicorp can support your investment structure, contact the team\u00a0<a href=\"https:\/\/amicorp.com\/contact-us\/\">here<\/a>.[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>We are pleased to confirm that Amicorp has been recognized as a Multinational Member of The British-Kazakh Society (BKS) through 13 January 2027.<\/p>\n","protected":false},"author":2,"featured_media":7158,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"image","meta":{"footnotes":""},"categories":[45],"tags":[],"class_list":{"0":"post-7157","1":"post","2":"type-post","3":"status-publish","4":"format-image","5":"has-post-thumbnail","7":"category-caso-de-estudio","8":"post_format-post-format-image"},"menu_order":0,"_links":{"self":[{"href":"https:\/\/amicorp.com\/es\/wp-json\/wp\/v2\/posts\/7157","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amicorp.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amicorp.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amicorp.com\/es\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/amicorp.com\/es\/wp-json\/wp\/v2\/comments?post=7157"}],"version-history":[{"count":2,"href":"https:\/\/amicorp.com\/es\/wp-json\/wp\/v2\/posts\/7157\/revisions"}],"predecessor-version":[{"id":7161,"href":"https:\/\/amicorp.com\/es\/wp-json\/wp\/v2\/posts\/7157\/revisions\/7161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amicorp.com\/es\/wp-json\/wp\/v2\/media\/7158"}],"wp:attachment":[{"href":"https:\/\/amicorp.com\/es\/wp-json\/wp\/v2\/media?parent=7157"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amicorp.com\/es\/wp-json\/wp\/v2\/categories?post=7157"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amicorp.com\/es\/wp-json\/wp\/v2\/tags?post=7157"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}