Cencosud prices share sale

Cencosud prices share sale

Bonds Debt Capital Markets Fixed Income Chile

Chile's Cencosud said it has priced an upcoming equity offering, aiming to raise CLP186bn ($267m) from the sale of shares in the Santiago stock market. 

The retail company plans to sell 123m new shares for CLP1,513 each in the equity offering, it said in a securities filing.

Cencosud also said it earned UF10m ($396m) from a two-part bullet bond deal in the local market.

The company issued UF7m in 10-year notes at a fixed rate of 1.79% and UF3m in 25-year notes at 2.24%, it said in a separate securities filing. 

Cencosud said it will use the money to pay off debt. 

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