Falabella finishes first half of bond buyback

Falabella finishes first half of bond buyback

Corporate & Sovereign Strategy Bonds Debt Fixed Income Chile Argentina South America Capital Markets Retail shopping Tourism

Chilean retailer Falabella said Wednesday that it agreed to repurchase $308 million of the $500 million in outstanding 3.75% 2023 notes, finishing the first half of a bond buyback that it announced earlier this month. According to the terms of the offer, Falabella will pay $1,048.50 for every $1,000 in principal to bondholders who tendered their notes by the deadline on October 12. The company has also offered to repurchase up to $150 million of the $400 million in outstanding 4.375% 2025 bonds,

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