Cencosud Joins Chilean Issuer Line

Cencosud Joins Chilean Issuer Line

Chile

Chilean retailer Cencosud is heard planning 10-year dollar benchmark. The company has been assigned a BBB minus rating by Fitch and a Baa3 rating by Moody’s. The Chilean retailer has hired JPMorgan, Deutsche Bank and Santander for a deal expected next year, according to DCM bankers. Though Cencosud is a frequent issuer in Chile’s domestic market, a dollar deal would be a debut in that format, according to Dealogic. The Fitch rating comes from Cencosud’s “dominant position in the retail business

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