Banco Falabella Raises Local Bond

Banco Falabella has sold UF2.5m ($108m) in 7 and 21-year bonds in the Chilean domestic market. A UF1m 2018 note priced at 99.73 with a 3.40% coupon to yield 3.45%, and a UF1.5m 2032 note priced at 99.33 with a 3.85% coupon to yield 3.90%. The banking arm of the Chilean retailer is raising funds to support its lending activity. IMTrust managed the sale, rated AA/AA minus on a national scale and done following marketing in Chile, Peru and Colombia. Quinenco’s LQ Inversiones Financieras is expected to issue up to UF5m in Chile’s bond market today, and Santiago’s Metro is looking to raise up to UF5.2m as soon as Friday.