Lojas Americanas sets up debut cross-border bond

Lojas Americanas sets up debut cross-border bond

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil

Brazilian retailer Lojas Americanas said Wednesday that its board approved plans to issue its first bonds in the international market, setting up the sale of $350 million worth of 10-year notes through its Luxembourg-based subsidiary JSM Global. "Through its entry into the international debt market, after building a history of more than 15 years in the local market, the company aims to access a new source of funds, with longer maturities, extending its debt profile," Lojas Americanas said in a s

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