SulAmérica sticks with debt plans

SulAmérica sticks with debt plans

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

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

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