Banco Falabella Sells Bonds

Chile’s Banco Falabella has issued UF3m ($119m) in local bonds in 2 tranches. A 25-year UF2m piece priced at 96.83 with a 3.30% coupon to yield 3.69%. A 10-year UF1m piece priced at 97.21 with a 3.80% coupon to yield 4.02%. Proceeds will be used to fund operations. Celfin managed the sale.