Mallplaza raises debt for new business model

Mallplaza raises debt for new business model

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

Chilean shopping mall operator Mallplaza said it raised UF4 million ($143 million) in the sale of two series of inflation-linked bullet notes on Thursday to refinance debt and fund investments as part of a new business model. The company, owned by Chilean department store Falabella, said it sold UF1 million of five-year bonds at a rate of 3.14%, equal to 89 basis points over the benchmark interest rate. The other UF3 million was raised in the sale of 25-year notes that priced at 3.39% for a spre

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