SMU adds to year-end pickup in bond sales

SMU adds to year-end pickup in bond sales

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Telecoms Andean Chile Latin America

Chilean food retailer SMU said Wednesday that it raised UF3 million ($122 million) in the sale of bonds on the local market, a day after a private university tapped the market as a telecommunications company preps a deal. SMU, which runs the Unimarc supermarket and other chains, sold the four-year notes at an interest rate of 3.15% in an oversubscribed deal arranged by Credicorp, according to a securities filing. The company said it will use the proceeds from the deal, which comes with a one-yea

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