Chilean retailer Cencosud launches offer to repurchase bonds for up to 900 mln dlr


File image of the Cencosud logo printed on a card in Santiago, Chile, on May 30, 2019. REUTERS / Rodrigo Garrido

SANTIAGO (Reuters) – Chilean retailer Cencosud on Wednesday offered to repurchase up to $ 900 million in bonds issued in international markets due 2023, the company told local securities regulator.

Cencosud said the offer is mainly focused on its 2023 bonds, but it could also contemplate papers with a 2025 and 2027 maturity.

At the end of June, the Cencosud Shopping shopping center division debuted in an operation aimed at easing the debt burden of its parent company.

Report of Natalia Ramos. Edited by Fabián Cambero

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