Falabella taps local bond market

Falabella taps local bond market

Bonds Debt Capital Markets Fixed Income Chile Latin America

Chile's Falabella, one of the biggest department store operators in Latin America, said it raised UF7 million ($262 million) in the local market with the sale of two inflation-linked bonds, taking advantage of low interest rates. The company sold UF2 million in seven-year bonds at rate of 1.3% and UF5 million in 10-year bonds at 1.7%, according to a securities filing on Friday. The bookrunners were Banchile and Santander. Falabella said it will use the proceeds from the sale to refinance short-

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