Sodimac Sells Bonds

Sodimac has sold COP300bn ($164m) in Colombia’s domestic market, in an issue that saw some 2.8x demand. The home improvement unit of Chilean retailer Falabella sold COP40bn in 5-year bonds at IPC+3.48%, COP190bn in 10-year bonds at IPC+3.88% and COP70bn in 5-year bonds at 6.47%. Bancolombia and Correval are managing the deal, rated AAA on a local scale.