D&S Raises $26 Million

Chile’s largest retail group, Distribución y Servicios (D&S), sold debt securities worth $26.1 million in the local market Wednesday, at a nominal monthly interest rate of 0.49%. The paper matures in 364 days. The sale follows an issuance for the same amount last month to refinance debt. Also last month, the retailer’s real estate unit, Saitec, sold local, inflation-linked bonds worth $153 million, with a yield to maturity of 4.35%. The bonds had a tenor of 22.5 years. LarraínVial led both issues.