By Christine Van Dusen
Atlanta, April 29 - Chile's SACI Falabella priced a two-tranche issue of dollar- and Colombian peso-denominated 10-year notes (/BBB/BBB), a market source said.
The deal included $500 million 3¾% notes due 2023 that priced at 99.086 to yield Treasuries plus 215 basis points. The notes were talked at a spread in the low- to mid-200 bps area.
The second tranche totaled 94.588 Colombian pesos due 2023 that carried a 6½% coupon and priced at par.
Citigroup, HSBC and Itau BBA were the bookrunners for the Rule 144A and Regulation S deal.
Falabella is a retail company based in Santiago.
| Issuer: | SACI Falabella
|
| Description: | Senior notes
|
| Bookrunners: | Citigroup, HSBC, Itau BBA
|
| Trade date: | April 25
|
| Settlement date: | April 30
|
| Ratings: | Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
|
|
| Dollar notes due 2023
|
| Amount: | $500 million
|
| Maturity: | April 30, 2023
|
| Coupon: | 3¾%
|
| Price: | 99.086
|
| Spread: | Treasuries plus 215 bps
|
| Price talk: | Low- to mid-200 bps area
|
|
|
| Peso notes due 2023
|
| Amount: | 94.588 billion Colombian pesos
|
| Maturity: | April 30, 2023
|
| Coupon: | 6½%
|
| Price: | Par
|
| Yield: | 6½%
|
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