Karsten postpones debt payments

Karsten postpones debt payments

Debt Corporate & Sovereign Strategy Fixed Income Funds Brazil Latin America Coronavirus

Brazilian textile retailer Karsten will postpone monthly payments on debentures until next year in a bid to preserve cash due to worsening market conditions as a result of the coronavirus pandemic, the company said in a securities filing late Thursday. Karsten said it will postpone the monthly installments on its first issuance of debentures due in May, June and July until 2021. The payments will be paid monthly in equal and successive installments between January and December in 2021 in addit

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