Restoque designs debenture return

Restoque designs debenture return

Debenture Debt Capital Markets Corporate & Sovereign Strategy Rule 476 Brazil

Brazil's Restoque said it intends to issue up to BRL450m ($117m) in debentures in the local market to add to working capital. The clothing company plans to divide the issue into two parts, with three-year notes pricing as high as 230bp over the DI interbank lending rate and four-year notes pricing at up to 245bp over the DI. Fitch gave the upcoming notes a A-(bra) rating on the local scale, saying Restoque will likely increase its earnings and lower its refinancing risks in 2019.  Restoque tappe

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