The Negotiable Bonds have a term of 42 months, with a rate of 7% and semi-annual amortization in 7 installments.
The technology company Kefordy SA completed a successful tender for Negotiable Obligations (ON) for two million dollars, within the framework of the third issue under the simplified regime that regulates the Central Bank of Uruguay (BCU).
The firm, which is part of Latamly Group, bid on the Montevideo Stock Exchange the ON, which has a term of 42 months (3 and a half years), a rate of 7% and a semi-annual amortization in 7 installments, with interest payable in the same way on balances.
This new issue was guaranteed by US Treasury bonds for 100% of the capital and is secured through a guarantee trust. It also had Balanz Uruguay SA. as a financial advisor already Ferrere Lawyers in the legal part.
Kefordy is part of Latamly Group, which has more than 15 years of experience in the technology sector. With remarkable growth over the last 7 years, it seeks to position international brands with regional messages.
The main objective is to generate working capital to optimize the purchases of new brand exchange goods, position the group within the stock market and create a solid credit history in public financial markets, the firm said.
The company seeks to strengthen its presence in the market
Luis Casanegra, The president of the consortium, stressed that the tender represents “a crucial step” for the company. “It will allow us to strengthen our presence in the market and continue offering quality products to our clients throughout Latin America,” he stressed.
While, Juan Jose Varela, CEO of Balanz Uruguay, expressed his pride and said: “This collaboration reinforces our commitment to provide top-level financial advice and contribute to the economic development of the region.”
Source: Ambito
