March 18, 2020
Brazilian insurance company SulAmérica said it still intends to sell BRL500 million ($100 million) worth of debentures in the local market this month, despite the outbreak of the coronavirus taking a toll on debt and equity markets around the world.
"[T]he current scenario of capital markets, as a result of the COVID-19 pandemic, is marked by great uncertainty and volatility, which might affect investor demand," SulAmérica said in a statement on Tuesday.
The company said late last month that it
Brazilian insurance company intends to sell $100 mln worth of debentures this month, despite outbreak