Cencosud places bonds for USD 1 billion in the international market

• The proceeds will be used for refinancing short and medium-term liabilities.

Santiago, February 5, 2015-. Cencosud, a Latin American retailer with operations in Chile, Argentina, Brazil, Peru, and Colombia, successfully completed the placement of a 144a/Reg S bond of USD 650 million with a term of 10 years and USD 350 million with a term of 30 years.

The placement price was determined today with a spread of 337.5 basis points over the Treasury Bond and 420 basis points over the Treasury Bond. The issuance, which is payable at maturity, garnered high interest in the financial market with an oversubscription of over 3.0 times and the participation of more than 150 investors. The issuance was rated Baa3 by Moody's and BBB- by Fitch Ratings.

This demonstrates the investors' confidence in the company's track record and commitment to maintaining its investment grade. The funds will be used for refinancing short and medium-term liabilities.

The operation was led by HSBC and Scotiabank. The instruments will be traded in Luxembourg but subject to the laws of New York.