Cencosud Succesfully Places Local Bonds for UF 12.5 Million With Strong Demand and Lowest Spreads in Recent Years  

• The issuance was placed at a spread of 75 basis points, the lowest in Chile this year for issuers with the same credit rating.

• For the first time, a corporate bond was issued with a 29-year maturity, signaling Cencosud’s financial strength.

Santiago, April 2, 2026 – Cencosud (BCS: CENCOSUD) announced the successful placement of two new bond series in the local market, totaling UF 12,500,000, reaffirming investor confidence in its financial strength and long-term strategy.

Bond characteristics are as follows:

• Series V (BCENC-V): UF 7,000,000, bullet maturity on March 15, 2033, with an interest rate of 2.75% and an annual coupon rate of 3.00%;
• Series X (BCENC-X): UF 5,500,000, bullet maturity on September 15, 2055, with an interest rate of 2.99% and an annual coupon rate of 3.30%.

The transaction, aimed at refinancing liabilities, was structured in two series, both receiving strong market demand. The shorter series was 1.8x oversubscribed, while the longer series reached 1.7x oversubscription, reflecting solid interest from local investors.

“This issuance marks a new milestone for Cencosud in the local market, reaffirming the Chilean market’s confidence in the Company. We placed bonds under highly competitive conditions and, for the first time, issued a 29-year bond, further demonstrating Cencosud’s financial strength. This transaction is aligned with our profitable growth strategy, focused on strengthening our balance sheet and supporting the Company’s long-term development”.

Said Andrés Neely, Corporate Chief Financial Officer of Cencosud.

Regarding spreads, a measure of credit risk, the shorter series was priced at 75 basis points over the benchmark rate, the lowest level among comparable Chilean issuances this year with the same credit rating. It also recorded the lowest yield to maturity for 7-year corporate bonds since September 2024. Meanwhile, the longer series reached a spread of 79 basis points, becoming the longest corporate issuance and achieving the lowest spread observed in recent years for this maturity segment.