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

3/4/2018
Investment grade bond/note issue

$ 447.19 million

Completed

3/4/2018


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

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