Iochpe approves debt sale

Iochpe approves debt sale

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

Brazil's Iochpe-Maxion said in a securities filing on Friday it plans to issue BRL350m ($83.8m) worth of five-year debentures in the local market to pay off debt and increase its cash holdings. The notes will likely price at 100.75% of the DI interba

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