Cencosud Prices $276m Debt Offer

Cencosud has priced $276.3m equivalent in 10 and 20-year bonds denominated in the UF inflation-linked unit. The Chilean retail holding company launched UF2m (CLP39.99bn, $85m) in 2018 bonds at 96.12 with a 3.50% coupon to yield 3.98%, and UF4.5m (CLP89.97bn, $191.3m) in 2028 notes at 97.06 with a 4.00% coupon to yield 4.22%. Proceeds will be used to refinance debt. Santander managed the sale.