Short-term debt deals hit screens in Brazil

Short-term debt deals hit screens in Brazil

Debt Capital Markets Fixed Income Debenture Project & Infrastructure Finance Coronavirus Brazil Rule 476

Three short-term debt deals have come to the market in Brazil as companies look to preserve cash during the coronavirus crisis. Infrastructure company CCR said on Tuesday that its board approved the sale of BRL400 million ($78.1 million) in one-year promissory notes, while retailer Magazine Luiza issued BRL800 million in 340-day notes and and real estate developer BR Properties sold BRL250 million in three-year debentures. Magazine Luiza priced the new notes at the DI interbank lending rate plus

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial