Last week, Ingevec S.A. successfully completed the placement of its Series E Bond for UF 1,300,000, and Fynsa participated as its financial advisor, accompanying the company throughout the transaction.

This milestone reflects the market's confidence in Ingevec, but it is also the result of the joint work of the Ingevec and Fynsa teams, who collaborated in different financing processes, until reaching this important step.

We congratulate the Ingevec team and everyone who worked on this transaction. We are especially grateful to the company for relying on Fynsa as their financial advisors for this transaction.

To learn more about the value of this achievement and what it means in the current context of the real estate market, we share the vision of Gonzalo Ferrer, Partner - Director of Corporate Finance:

"We are very proud of this transaction and happy to have had the opportunity to support Ingevec in this important step. We have been working with them for several years, advising them on their financial strategy and short-term financing, supporting them in bank financings, until reaching this successful placement in the bond market.

The transaction comes after quite complex years for the real estate market, as a result of low sales in the sector and rising costs due to the pandemic and other factors. Thus, real estate companies experienced a period of significant increases in their financing costs, which squeezed their margins with the corresponding pressure on their results.

With this bond issue, the company is in a strong position and prepared to take advantage of all the opportunities that the real estate market offers today to solid companies in the real estate world.

This also takes place in a context of an opening of local bond markets to smaller issuers with lower credit ratings, mainly as a result of a scenario of recovery of the economic outlook and business environment in Chile, and a positive international environment.

This improved environment has not only been seen in the bond markets, but also in a growing interest from local and international investors in the M&A market, where we are also seeing greater activity than we have seen in recent years.

Finally, I would like to emphasize that long-term relationships, built on trust and professionalism, are the key to closing deals like this one".

This type of milestone motivates us to continue providing close, professional and long-term support to our clients. We believe that trust is built with results and strategic vision, and this transaction is a clear example of that.