The Electronic Stock Exchange reported the successful completion of the project, and highlighted the “great participation” of retail investors.
The Electronic Stock Exchange of Uruguay (Bevsa) reported that the Eucalyptus del Sur Financial Trust successfully completed the placement of Certificates of Participation for a total of 55.5 million dollars. The total demand reached 56.1 million dollars, with a outstanding participation of retail investors.
A 6% (3.3 million dollars) of the certificates were acquired by the administrator. In it retail stretchwhich had a maximum limit of up to 10% of the issue (5.55 million dollars) and up to 500,000 Indexed Units (in the order of 73,000 dollars) per investor could be acquired, the demand was 3 million dollarsthat is to say a 6% of the amountbeing assigned in its entirety.
In the general section, institutional investors acquired 88% of the remaining issue. The Bevsa valued the operation as “very successful” being the one that had the largest participation of non-professional investorsin a segment that has historically been considered for a more institutional audience.
The project will be executed in the southeast of the country
Project management, which includes the structuring of Nobilis and legal advice from Amorim LawyersIt is in charge of plantesiayour trustee is winterbotham, and Bevsa acts as representative entity. After the current result, Plantesia is going to acquire a forestry asset and will execute the project in the departments of cannelloni, lavalleja and maldonado.
A volume of wood sales is projected close to 200,000 solid cubic metersand sales income of 49 million dollars while the trust is in force.
Bevsa’s general manager, Eduardo Barbieriassured that “the issuance will help channel investor funds towards productive projects”, having “an excellent opportunity for those who want to have exposure to real assets that generate work and development”.
Source: Ambito
