Mall Plaza Close to Local Bond

Mall Plaza Close to Local Bond

Chile Bonds

Chile’s Mall Plaza is expected to price up to UF4.5m ($206m) in local market bonds Thursday, according to people following the process. The mall operator unit of retailer Falabella can choose from a 7-year peso series with a 3-year grace period and 6.20% coupon, a 7-year 6.20% coupon UF series with a 3-year grace period, and a 22-year bullet 3.78% coupon UF series. The deal is rated AA/AA on a national scale. Proceeds will be used to refinance debt and for new projects. Banchile-Citi and IMTrust

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