Supermercados Rings Up Bonds

Chile’s Supermercados del Sur has priced a UF2.5m ($153m) dual-tranche domestic bond issue. The retailer’s UF1.5m 4.10% of 2016 bond priced at 101.41 to yield 4.00%. A UF1m 2029 note meanwhile priced at 101.14 with a 4.70% coupon to yield 4.60%. Supermercados chose not to issue 7.20% of 2015 CLP-denominated bonds or 4.30% 2020 UF bonds, which were also options. LarrainVial led the sale, rated BBB+/A on a national scale.