October 7, 2021 |
Chilean retailer Falabella is expected to sell bonds in the international market next week to cover the buyback of up to $650 million in 3.75% 2023 and 4.375% 2025 notes, according to a source involved in the deal.
The Santiago-based department store chain said on Monday that it would issue new notes and offered to repurchase all $500 million in outstanding 2023 bonds and as much as $150 million of the $400 million in 2025 notes.
It has hired Citi, Goldman Sachs and JPMorgan as joint bookrunners
Chilean retailer plans to issue new notes the cover the buyback of up to $650 mln in 2023 and 2025 bonds