November 12, 2019
Carrefour said it plans to earn BRL1 billion ($241 million) from the sale of debentures in the Brazilian market, issuing new notes to extend its debt maturities and add to working capital.
The French retailer, which spun off its Brazilian business in an IPO in July 2017, will divide the deal into three series with BRL450 million in 2.5-year notes, BRL350 million in 4.5-year notes and BRL200 million in 6.5-year notes, Carrefour said in a securities filing.
The 2022 notes will pay 0.45% over the D
French retailer aims to raise $240 mln from a three-part deal in the Brazilian market