Sodimac Plans Issue

Sodimac will soon look to issue UF2.5m ($121m) in the domestic bond market, say people familiar with the plans of the home improvement unit of Chilean retailer Falabella. It can choose from a 3.4% coupon 5-year UF bullet tranche, a 6.5% coupon 5-year peso bullet tranche, a 3.6% 10-year UF bullet tranche and a 3.7% 21-year UF tranche with a 10-year grace period. The timing is not clear. Banchile leads the deal, rated AA on a national scale. In August, Sodimac sold COP300bn in Colombia’s domestic market, in an issue that saw some 2.8x demand.