Cencosud plans no new debt for 2014

Cencosud plans no new debt for 2014

Loans

Cencosud is in talks with lending banks over its $705m liabilities coming due this year, and does not plan to issue new capital, a company source says. The rollover risk is “minimal”, he adds. The Chilean retailer does not expect to make any acquisitions in the short-term, having spent $5bn on inorganic expansion, and a similar amount on organic expansion, since 2008. “We deem that now is the moment to focus on reaping the benefits from this strategy. As a consequence of this Cencosud would not

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