D&S Plans Bond Buyback

Chile’s largest retail group, Distribución y Servicios (D&S) is planning to spend around $41 million to buy back all of its B-1 and B-2 series bonds. In a filing with the Santiago Stock Exchange the company said the buyback would take place on April 2. The buyback will help to reduce financing costs and will have a “positive but not substantive effect on the company”.