Havan issues debt in local market

Havan issues debt in local market

Debenture Capital Markets Debt IPO Equity Corporate & Sovereign Strategy Brazil

Brazilian department store chain Havan raised BRL500 million ($89.5 million) in the local debt market this week as it abandoned plans to sell shares in an initial public offering (IPO) on the B3 stock exchange in São Paulo. The Santa Catarina-based retailer issued BRL300 million worth of five-year debentures with Santander as the lead coordinator and BRL200 million in three-year notes with Bradesco BBI, according to the local capital markets association Anbima. The 2025 debentures priced at the

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