Ripley Local Bond Can Wait

Chilean retailer Ripley could wait until next year for a planned bond sale, as it is not need of the money before then, says a source familiar with the matter. It had been expected to issue bonds in the domestic market at the end of April or in May. Ripley is registered for up to UF4m ($178m) in bonds of up to a 30-year maturity. IMTrust and Banchile-Citi are managing the sale, rated A+/AA minus on a national scale. The retailer will look to grow in Peru and Colombia down the road, and has seen increased regulation and a more saturated marketplace in Chile affecting its decisions in terms of focus and expansion.