Falabella Places Local Bonds

Chilean retailer Falabella has sold CLP31.4bn ($56m) in 2015 bonds on the domestic market. The 5.30% notes were priced at 96.23 to yield 6.28%. Banchile and Larrain Vial are managing the sale, rated AA on a national scale, which will help fund the repayment of debt. The peso-denominated placement follows the sale two weeks ago of $228m-equivalent in 2015 and 2033 inflation-linked bonds. Next week, Falabella’s Mall Plaza unit is expected to sell up to UF5m ($186m) in inflation-linked bonds.