Estácio books local debt sale

Estácio books local debt sale

Debenture Debt Capital Markets Bonds Corporate & Sovereign Strategy Rule 476 Brazil

Brazil's Estácio Participações intends to raise BRL600m ($160m) from a two-part debenture sale in the local market, according to a report from S&P Global Ratings. The private university chain will split the deal between three- and five-year notes, S&P said, and use the proceeds to pay off the promissory notes it issued at the end of last year. "We believe that the company can use a part of its cash position for potential acquisitions or a share buyback," S&P said. Estácio was link

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