Falabella Adds First Corporate Global CLP

Falabella Adds First Corporate Global CLP

Chile Bonds

Falabella has raised $750m in its debut visit to the international bond market, adding the first-ever Chilean corporate CLP tranche to a planned dollar bond after getting reverse interest. The Chilean retailer drew more than $3bn demand for a $500m dollar portion and saw the $200m-equivalent CLP portion draw about $400m in orders, according to people following the sale. The BBB/BBB rated issuer priced the $500m 2023 at 99.086 with a 3.75% coupon to yield 3.861%, or UST+215bp, tight to 215bp-220b

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