Cencosud Set to Price

Cencosud Set to Price

Chile Equity

Cencosud was set to emerge early this morning with the price for an approximately $500m equity follow-on. The Chilean retailer closed books Thursday afternoon on the sale of 91.3m shares in Chile and New York, and was heard still pricing that evening. The transaction would raise CLP255.2bn ($508m) at Thursday’s CLP2,795.9 closing price, though investors were expecting at least some discount. Though most agree the stock is cheap relative to other large LatAm retailers, the company’s Argentine ass

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