Chile’s La Polar Raises $265m in Local Bonds

La Polar, a Chilean department store retailer, sold $265m in peso-denominated bonds across two tranches Friday, according to Dealogic. The company issued $75.8m in 5-year notes at par to yield 3.510% and $189.5m in 10-year notes also at par to yield 3.836%. Proceeds are for general corporate purposes. BBVA Corredores de Bolsa placed the issue.