Falabella issues bonds in 'well-supported' deal

Falabella issues bonds in 'well-supported' deal

Corporate & Sovereign Strategy Bonds Debt Fixed Income Chile Capital Markets

Chilean retailer Falabella sold $650 million worth of 10-year dollar-denominated bonds on Tuesday to pay for the proposed buyback of notes that mature in 2023 and 2025, said sources involved in the deal. The new 2031 bonds carried a coupon of 3.375% and priced at 99.116 to yield 3.477%, or 190 basis points over US Treasury bonds, one source said.  The retail company opened the initial price talk around 200 basis points over US Treasury bonds before it set guidance at 195 basis points, plus or mi

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