Ripley prepares to make international bond debut

Ripley prepares to make international bond debut

Corporate & Sovereign Strategy Bonds Debt Fixed Income Chile Capital Markets

Chilean retail company Ripley is preparing its first-time dollar-denominated bond sale in the cross-border market, according to market sources. The company began dialing up investors on Tuesday to pitch the sale of bonds of intermediate maturity with Citi and JPMorgan as the leads, said a source involved in the deal. Moody's assigned a first-time Ba3 rating with a stable outlook to Ripley and the proposed sale of up to $300 million worth of bonds, noting the company's "leading market position" a

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