InRetail Shopping Malls $350 million 5.75% and S/313.5 million 6.5625% notes offer

Overview:

• InRetail Shopping Malls, a Peruvian operator of 21 shopping mall, has issued two simultaneous international bond offers. 
• This included the offer of $350 million 5.75% notes due 2028 and S/313.5 million 6.5625% notes due 2028.
• Citibank, JP Morgan and Credit Suisse acted as initial purchasers and dealer managers. 
• The proceeds from the notes will be used to prepay outstanding debt, which includes a $1 billion bridge loan obtained by the issuer's subsidiary Eckerd to finance the acquisition of Quicorp. 
• The deal also included a tender offer. 

Rani Mehta - Journalist