June 8, 2020 |
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-
Chilean retailer raises $262 mln in the sale of seven- and 10-year bonds