Chile’s Falabella launches $400 million 2025 notes at 215 bps spread

By Christine Van Dusen

Atlanta, Oct. 22 – Chile’s SACI Falabella launched a $400 million offering of notes due in January 2025 (expected ratings: /BBB+/BBB) at a spread of Treasuries plus 215 basis points, a market source said.

JPMorgan, Credicorp and Scotiabank are the bookrunners for the Rule 144A and Regulation S deal.

The proceeds will be used to refinance debt and for general corporate purposes.

Falabella is a retail company based in Santiago.

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