Hapvida looks to local bond market

Hapvida looks to local bond market

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

Brazil's Hapvida is preparing to issue BRL2bn ($508m) in debentures in the local market to help finance the acquisition of the rival healthcare provider Grupo São Francisco, LatinFinance has confirmed. The Fortaleza-based healthcare company is looking to make more acquisitions, but it will evaluate the best financing options at that time, said a spokesperson for the company. Hapvida announced on Wednesday that its subsidiary Ultra Som had agreed to buy São Francisco for BRL5bn. The company added

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