Mall Plaza Taps Domestic Market

Mall Plaza Taps Domestic Market

Chile Bonds

Chile’s domestic bond market remains open for business, with Mall Plaza selling UF4.5m ($208m), according to people familiar with the transaction. The mall operator unit of retailer Falabella priced UF1.5m in 2020 bonds with a 3-year grace period at 100.67 with a 3.50% coupon to yield 3.35%, or government bonds plus 111bp. It also priced UF3.0m in 2035 bullet bonds at 100.11 with a 3.80% coupon to yield 3.79%, or government bonds plus 135bp. The longer tranche saw 2.00x demand and the shorter 1.

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