Chilean Retailer Joins List of DCM First-Timers

Chilean Retailer Joins List of DCM First-Timers

Chile Bonds

Chile’s Grupo SMU has started a fixed-income roadshow, according to people following the process. The retailer plans a $300m senior unsecured bond, according to Moody’s, which assigns a B2 rating. It started meetings in Los Angeles and London Wednesday and is scheduled to be in Los Angeles, London and Santiago today before wrapping up in Boston and New York Friday. BTG Pactual and Deutsche Bank are managing. Moody’s notes initial high leverage and an acquisitive growth strategy combined with neg

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