IMC serves up more notes

IMC serves up more notes

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

Brazil's International Meal Company (IMC) said it plans to raise BRL150m ($36.1m) from its second debenture sale in the local market. The restaurant company added that it will use the proceeds from the six-year notes to pay off debt and cover investments, but it did not say if it has hired any banks to lead the sale. S&P Global assigned the upcoming notes a brAA rating on the local scale, saying the issue came with a strong guarantee from BTG Pactual. IMC issued BRL250m in debentures in Marc

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