EC EMPRESAS COPEC
ESSENTIAL FACT
EMPRESAS COPEC S.A.
Registration Registry of Securities N°0028
Santiago, May 4, 2022
General Management
No. 17
Gentlemen
Financial Market Commission
Avda. Libertador Bernardo O’Higgins 1449
Present
Dear Sir or Madam:
The undersigned, in his capacity as General Manager of the public limited company called
Empresas Copec S.A. (“Empresas Copec” or the “Company”), both domiciled in the Region
Metropolitana de Santiago, El Golf N°150, 17th floor, Las Condes commune, registered in the
Securities Registry with N°028, RUT N°90.690.000-9, duly authorized by the
Board of Directors, communicates to you the following essential information regarding the Company, its
businesses, their securities offered to the public or the offer thereof, pursuant to the provisions of the
Article 9 and paragraph 2 of Article 10%, both of Law 18,045, and in the Character Norm
General No. 30, of that Commission for the Financial Market:
Today, the Company has proceeded to place bonds in the local market, which are
dematerialized and bearer, and whose most relevant conditions are the following:
A) Series “Y” bonds, for a total amount of 1,500,000 Development Units
(“UF”), a 10-year term. Interest will accrue from April 1, 2022
and shall be paid semiannually, on 1 April and 1 October of each year, to
count from October 1, 2022. The repayment of the capital shall be effected in a
Single fee payable on April 1, 2032.
The issue reached a placement rate of 3.2000%.
The Bonds of Series “Y” will accrue on the unpaid capital, expressed in UF,
a coupon interest of 3.2000% per annum, compound, overdue, calculated on the
180-day equal semester base, equivalent to a rate of 1.5874%
semiannual.
B) Series “Z” bonds, for a total amount of 4,000,000 UF, with a 21-year term. The
Interest will accrue from April 1, 2022 and will be paid
every six months, on 1 April and 1 October of each year, starting from 1
October 2022. The amortization of the capital will be made in 22 installments payable to
from 1 October 2032.
The issue reached a placement rate of 3.5000%.
The Bonds of Series “Z” will accrue on the unpaid capital, expressed in UF, a
coupon interest of 3.50000% per annum, compound, overdue, calculated on the basis of
of equal semesters of 180 days, equivalent to a rate of 1.7349% semiannual.
The Bonds have been issued under the line of bonds registered in the
Securities Registry of the Commission with No. 1023, dated May 26, 2020. The Series
of Series “Y” and “Z” Bonds were approved by the Company’s Board of Directors on 31
March 2022, and its characteristics are contained in Official Letter 33,887 of the aforementioned Commission, of
Date April 29, 2022.
These bond series have a local risk rating of AA/Stable, according to
certificates granted by the risk rating agencies Fitch Chile and Feller-Rate.
The placement agent of the placement was Credicorp Capital S.A., a company with which it did not
There is an ownership relationship.
Other relevant conditions of the aforementioned bonuses are as follows:
1) Both Series “Y” and Series “Z” Bonds may be redeemed at
as of April 1, 2024.
2) The Bonds will have no guarantee.
(3) The proceeds of the above-mentioned placement shall be allocated in a
100% to the refinancing of liabilities of the Company and/or its subsidiaries.
It is estimated that the placement of bonds referred to above will have no effect.
significant in the Company’s financial statements.
Yours very sincerely,
Eduardo Navarro Beltran
General Manager
Copec Companies:
C.C.: Santiago Stock Exchange
Bolsa Electrónica de Chile, Chilean Stock Exchange
Representative of Bondholders — Banco Santander
Credicorp Capital S.A., Stockbrokers
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=df274c87583c205f182713b92ce07d99VFdwQmVVMXFRVEZOUkVVelRsUkplVTlCUFQwPQ==&secuencia=-1&t=1682376108
