Cencosud looks to repurchase notes

Cencosud looks to repurchase notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Chile United States

Chile's Cencosud said on Wednesday that it could buy back up to $900m in outstanding bonds, offering to pay investors a premium as high as $55.50 on every $1,000 in principal. The Santiago-based retailer will look to repurchase almost all of its 4.875% 2023 notes before moving onto its 5.15% 2025s and its 4.375% 2027s, Cencosud said in a press release. The company has $943m in outstanding 2023s, $650m in 2025s and $1bn in 2027s. The early deadline is September 24 and the final deadline is Octobe

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