Cielo outlines local notes for international tender

Cielo outlines local notes for international tender

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

Brazil's Cielo said it plans to issue up to BRL3bn ($74.8m) in debentures in the local market on June 18 as it also offers to buy back its 3.75% 2022 notes.  The new three-year notes will likely price no higher that 104% of the DI interbank lending rate, Cielo said in a securities filing.  The Barueri-based payments company also said it could reduce the size of the deal to BRL2bn three days before the end of the bookbuilding process. Cielo said in a separate statement that it has hired Banco

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