Falabella preps UF bond sale

Falabella preps UF bond sale

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

Chilean department store chain Falabella could issue as much as UF5 million ($183 million) worth of inflation-linked bonds in the local market to fund investments and pay off debt, Fitch Ratings said. The company is expected to issue four series of 10-year bonds and two series of 30-year notes, Fitch said in a report on Wednesday. Fitch assigned the proposed notes a AA(cl) rating on the local scale. Falabella tapped the local bond market in August this year, issuing UF4 million worth of inflatio

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