Kroton sells local notes

Kroton sells local notes

Debenture Debt Capital Markets Corporate & Sovereign Strategy Brazil

Brazil's Kroton Educacional has sold BRL800m ($200m) in debentures in the local market to pay off debt and add to working capital. Led by Itaú BBA, the private education company issued the five-year notes at 65bp over the DI interbank lending rate,

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