Cencosud Defines Rights Offer

Cencosud has set the details for a CLP866bn ($1.83bn) equity capital raise, it says. The retailer is offering existing holders 333m shares at CLP2,600 each, to raise funds to help with the purchase of Carrefour’s Colombian assets. The level compares to Tuesday’s 2,915 closing price. The period opens February 12 and closes March 14. Cencosud signed a $2.6bn bridge loan to pay for the acquisition in October with a group of banks led by advisor JPMorgan. It then raised $1.25bn in November from the sale of 2023 bonds.