Chile Retailer Raises $103M In Debt Issue

Falabella has raised $103 million in a sale of bonds in the local market.

Falabella has raised $103 million in a sale of bonds in the local market, Reuters reports. The banking arm of Chilean retailer placed two bonds denominated in inflation-indexed peso units.

Banco Falabella has placed a series C bond that is scheduled to mature in 21 years. The series D bond is due to mature in seven years.

Click here for the story from Reuters.