April 9, 2020 |
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
Infrastructure company CCR sets up $78 mln in new notes, following recent sales by Magazine Luiza and BR Properties