October 29, 2013
Hypermarcas is offering to purchase up to $300m of its $750m outstanding 6.
Hypermarcas is offering to purchase up to $300m of its $750m outstanding 6.500% 2021 bonds, it says. It is offering $1,067.50 per $1,000.00 principal through a November 8 early deadline and $1,037.50 after, until November 25. The Brazilian consumer products specialist may upsize the tender at its discretion, or could elect to prorate participants if demand exceeds the limit. Bradesco, Citi and Morgan Stanley are managing the process.