January 17, 2020 |
Brazilian media group Globo Comunicação e Participações sold $500 million worth of 2030 bonds on Thursday, raising money to buy back up to $300 million in 4.875% 2022 bonds, source told LatinFinance. The Rio de Janeiro-based conglomerate priced the new notes at par to yield 4.875%, the same yield on the notes in the buyback, said a source involved in the deal.
Globo opened the initial price talk for the new notes in the mid-5% area and put the guidance at 5%, give or take 12.5 basis points. It t
Brazilian media group issues $500 mln in new 2030 notes as it repurchases up to $300 mln in 2022 notes