Cencosud Completes UF 7.5 Million Local Bond Issuance at the Lowest Spread in Its History 

Santiago, Chile. September 10, 2025 – Cencosud S.A. (Santiago Stock Exchange: CENCOSUD), a leading retail company with operations in Argentina, Brazil, Chile, Colombia, the United States, and Peru, has successfully completed the issuance of two new bond series in the Chilean market, totaling 7,500,000 Unidades de Fomento (UF).

Bond Details are as follows:

• Series S (Code: BCENC-S): UF 4,500,000, bullet maturity on September 4, 2032, with a coupon rate of 3.20% and a yield to maturity of 3.18%.
• Series U (Code: BCENC-U): UF 3,000,000, bullet maturity on September 4, 2046, with a coupon rate of 3.40% and a yield to maturity of 3.35%.

The offering was structured into two series, both receiving strong market demand. The short-term series was oversubscribed 2.4 times, while the long-term series saw an oversubscription of 2.6 times, demonstrating robust interest from local investors.

In terms of spreads, the short-term series was priced at 78 basis points over the reference rate, one of the lowest spreads this year among issuers with comparable credit ratings, and the long-term series at 82 basis points.

Proceeds from the issuance will be used to finance the recent acquisition of 33% of The Fresh Market. This issuance is not expected to impact Cencosud’s leverage.

“This bond issuance in the Chilean market reflect the confidence of local investors in Cencosud and enabled us to achieve the lowest spread in our history for a domestic transaction, supporting the financing of our acquisition of 100% of The Fresh Market, strengthening our footprint in the United States,” said Andrés Neely, CFO of Cencosud.

This transaction highlights Cencosud’s solid financial position and commitment to efficient capital management, strengthening its presence in the local debt market.