Banco Falabella Seeks Chile Bond

After raising COP150bn ($84m) in Colombia’s local market two weeks ago, Banco Falabella is now looking to sell up to UF5m ($225m) equivalent in bonds in its home market. The lending arm of Chilean retailer Falabella is heard targeting 2018 and 2021 bonds. Details have not been finalized, but the issuer should start meeting investors in Chile, Peru and Colombia within the next two weeks, bankers on the deal say. IMTrust is lead.