By Christine Van Dusen
Atlanta, Oct. 23 – Chile’s SACI Falabella priced a $400 million issue of 4 3/8% notes due Jan. 27, 2025 (expected ratings: /BBB+/BBB) at 99.932 to yield 4.384%, or Treasuries plus 215 basis points, a market source said.
JPMorgan, Credicorp and Scotiabank were 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.
| Issuer: | SACI Falabella
|
| Amount: | $400 million
|
| Maturity: | Jan. 27, 2025
|
| Description: | Notes
|
| Bookrunners: | JPMorgan, Credicorp, Scotiabank
|
| Coupon: | 4 3/8%
|
| Price: | 99.932
|
| Yield: | 4.384%
|
| Spread: | Treasuries plus 215 bps
|
| Trade date: | Oct. 22
|
| Settlement date: | Oct. 27
|
| Expected ratings: | Standard & Poor’s: BBB+
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
