Falabella said it plans to invest $4bn in new stores and shopping malls through 2020.
The Chilean retailer aims to open 114 stores and nine new shopping malls and allocate additional investments to expand and remodel existing facilities, it said in its investment plans for 2017 to 2020.
Falabella tapped the local capital markets last month and will likely turn to local bond buyers to raise most of the money for this year, a banker in Santiago said.
The retailer raised $240m from a dual tranche sale, selling CLP78bn ($117m) in five-year notes and UF3m ($120m) in 2039 inflation-linked securities.