-

Cencosud Placed a US$ 650 Million International Bond, Achieving the Lowest Risk Premium in Its History

  • Issue was over-subscribed by 5x with demand reaching US$ 3.2 billion.
  • The funds will be used to prepay the senior notes due 2025 and other debt, improving the Company's maturity profile.

SANTIAGO, Chile--(BUSINESS WIRE)--Cencosud S.A. placed a US$ 650 million 7-year international bond at a rate of 5.95%, with initial demand exceeding US$ 3.2 billion. The operation received 230 orders and funds will be used for prepaying an international bond and the debt associated with the acquisition of The Fresh Market in the United States.

Specifically, this transaction will allow Cencosud to pay in full the outstanding principal amount of US$ 524 million of the senior notes due 2025 and prepay other financing of US$ 175 million.

"We are very pleased with the market response to this transaction, which achieved the lowest risk premium in Cencosud's history and saw demand several times the amount placed. It is an important sign of confidence in the Company's strategy," said Rodrigo Larraín, CEO of Cencosud.

Andrés Neely, Cencosud's CFO, added that "this refinancing will allow the Company to improve its liquidity and debt maturity profile, and thus continue to strengthen its financial position as it executes its business plans."

The Notes were rated Baa3 by Moody's and BBB by Fitch Ratings.

Contacts

Beatriz Monreal
beatriz.monreal@cencosud.cl

Industry:

Cencosud S.A.

Release Versions
English

Contacts

Beatriz Monreal
beatriz.monreal@cencosud.cl

More News From Cencosud S.A.

Cencosud Closes 2025 With 70.4% Increase in Net Income, Sales Growth, and Improved Profitability

SANTIAGO, Chile--(BUSINESS WIRE)--Cencosud closed 2025 with solid financial performance, highlighting an increase in accumulated Net Income, while continuing to advance consistently in the consolidation of its Retail Ecosystem and its profitable growth strategy across Latin America and the United States. During fiscal year 2025, the Company recorded a 70.4% increase in accumulated Net Income, reaching CLP 398,119 million (USD 419 million). Full-year revenues amounted to CLP 16,595 billion (USD...

Cencosud to invest USD 600 million in 2026 to strengthen its retail ecosystem and accelerate growth across all markets

BUENOS AIRES, Argentina--(BUSINESS WIRE)--In the city of Buenos Aires, Argentina, Cencosud presented its global business outlook and 2026 Investment Plan to the financial market during Cenco Day. On this occasion, the Company reaffirmed its commitment to profitable growth, disciplined capital allocation, and innovation across its key markets. For 2026, the Company expects consolidated revenues of USD 18,413 million and adjusted EBITDA of USD 1,815 million, with double-digit margins in Chile, Pe...

Revenue Reached CLP 3,961,748 Million (USD 4,129 Million): Cencosud Accelerates Its Transformation and Achieves 5.1% Revenue Growth in the Third Quarter

SANTIAGO, Chile--(BUSINESS WIRE)--Cencosud reported a 5.1% year-over-year increase in revenue during the third quarter of 2025, driven by a solid performance across its operations. When excluding the effect of hyperinflation in Argentina, sales growth rose to 6.1% compared to the same period last year. In 2025, Cencosud launched a new strategic plan aimed at driving comprehensive transformation and representing a key investment for the future. Its goal is to evolve into a simpler, more agile, a...
Back to Newsroom