Falabella adds to second half of bond buyback

Falabella adds to second half of bond buyback

Bonds Debt Corporate & Sovereign Strategy Fixed Income Capital Markets Commerce Retail shopping Chile United States

Chilean retailer Falabella said Tuesday that it agreed to repurchase $191 million worth of 4.375% 2025 bonds, up from an initial offer of $150 million.  The Santiago-based chain of department stores had $400 million in outstanding 2025 bonds when it announced the buyback on October 4. It offered to pay $1,085 for every $1,000 in principal, including a early tender premium of $30. Falabella is retiring $499 million of outstanding bonds after agreeing last week to repurchase $308 million of the $5

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