Falabella Shops Domestic Deal

Chile’s Falabella is planning to sell bonds through a local bond program denominated in the UF inflation-linked unit worth up to $550m equivalent. The first issue from the retailer’s program is capped at UF8m from a total UF16m on the shelf, which can consist of a maximum 50% in either 10 or 30-year notes. Falabella does not indicate when the first deal might be placed. Its last local issue was a 2006 placement of UF8m in 5 and 21-year notes through BBVA and IM Trust.