Patio lines up local bond sales

Patio lines up local bond sales

Corporate & Sovereign Strategy Bonds Debt Fixed Income Andean Latin America South America Chile

Chilean shopping mall operator Patio Comercial said it is seeking approval to raise up to UF8 million ($322 million) in the sale of 10- and 30-year bonds. The company, a unit of Chilean real estate developer Grupo Patio, said it plans to divide the two-part deal into equal parts, according to documents filed with the securities commission CMF. The notes will be sold in unidades de fomento, or UFs, a unit of account adjusted for inflation. Patio Comercial said it will use the proceeds for working

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