Cencosud Bond Whispers Heard

Cencosud has confirmed to buysiders that it will seek a new dollar bond, whispering yield indications of UST plus 225bp area on a 10-year maturity, according to investors. There is not yet an indication of size, but the Baa3/BBB minus Chilean retailer had been heard seeking up to $1bn. It is also considering a global peso tranche, investors say. Cencosud is scheduled to complete a roadshow today in New York and Bogota. Deutsche Bank, JPMorgan and Santander are managing the sale, which is Cencosud’s debut in USD.