Cielo raises reais to buy back dollars

Cielo raises reais to buy back dollars

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

Brazil's Cielo has sold BRL3bn ($784m) in debentures in the local market, raising money to buy back international notes. Bradesco led the deal for the payments processing company, pricing the three-year notes at 103.8% of the DI interbank lending rate, according to the local capital markets association Anbima. Cielo raised the money to repurchase the 3.75% 2022 notes that it sold in 2012. In other deals in the Brazilian bond market, Rede D'Or São Luiz raised BRL1bn from the sale of 10-year notes

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