Caja 18 has successfully completed a US$42 million corporate bond placement
February 2025 — Caja 18 has completed a placement of US$42 million (1,100,000UF) in corporate bonds on the local capital market. The bonds, with a seven-year term, semi-annual amortizations and a duration of 3.87 years, were secured by social credit guarantees. The proceeds will be used to finance Caja 18’s social credit program and refinance previously contracted liabilities for the same purpose. As part of this refinancing plan, Caja 18 also completed the voluntary early repurchase of its Series A bonds.
Caja de Compensación de Asignación Familiar 18 de Septiembre (Caja 18) is a private, non-profit corporation with its own assets, dedicated to administering social security benefits and primarily providing social credit through payroll deductions. Operating within Chile’s stable and highly regulated Cajas de Compensación (social security institution) industry, these entities are uniquely authorized to offer payroll-deductible loans that are both pensionable and non-waivable.
Our role in the transaction
Oaklins’ team in Chile successfully advised Caja 18 on its 2025 plan for liability refinancing and the funding of its social credit program.
Talk to the deal team
Related deals
Moneybox’s employee share sale has set another milestone for London’s Private Securities Market
The London Stock Exchange’s Private Securities Market (PSM) continues to demonstrate its potential as a venue for providing shareholder liquidity in high-growth private companies. Following the successful employee share sale for autonomous driving pioneer Wayve earlier this month, fintech leader Moneybox has completed a US$61 million (£45 million) employee liquidity event through the PSM. By structuring the transaction as an employee liquidity event, long-serving employees with vested equity have been able to realize some of the value they helped create while enabling Moneybox to remain private and continue its growth journey. Crowdcube managed the employee seller and investor participation process.
Learn moreEducbank has been acquired by Cogna
Cogna Educação, through its subsidiary Somos Sistemas de Ensino, has acquired an additional 47% stake in Educbank for approximately US$8.9 million, increasing its ownership from 43% to 90% and consolidating control of the platform. The transaction expands Cogna’s presence beyond its traditional enrollment-driven education business into the financial infrastructure that underpins school tuition collection.
Learn moreBoeser Frischfleisch has secured financing for the acquisition of Vion Crailsheim
Boeser Frischfleisch GmbH has secured financing in connection with the acquisition of the Crailsheim site from Vion Group. The site specializes in the slaughtering and cutting of cattle and pigs and plays an important role in the southern German meat industry. Through the acquisition, Boeser Frischfleisch expands its value chain and strengthens its position in a market characterized by ongoing structural change and consolidation.
Learn more