Falabella expected to sell bonds next week – LatinFinance

October 7, 2021 | Hernán Goicochea

Chilean retailer plans to issue new notes the cover the buyback of up to $650 mln in 2023 and 2025 bonds

Corporate & Sovereign Strategy Bonds Debt Fixed Income Chile Capital Markets Retail shopping

Chilean retailer Falabella is expected to sell bonds in the international market next week to cover the buyback of up to $650 million in 3.75% 2023 and 4.375% 2025 notes, according to a source involved in the deal. The Santiago-based department store chain said on Monday that it would issue new notes and offered to repurchase all $500 million in outstanding 2023 bonds and as much as $150 million of the $400 million in 2025 notes. It has hired Citi, Goldman Sachs and JPMorgan as joint bookrunners

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