September 30, 2020 |
Brazilian retailer Lojas Americanas carried out its first international bond deal on Tuesday, selling $500 million worth of 10-year bonds through its Luxembourg-based subsidiary JSM Global, according to a source involved in the deal.
The company priced the new 4.75% 2030 bonds at 99.998 to yield 4.75% with Bank of America, BTG Pactual and Itaú BBA as the lead arrangers, the source said. The other banks on the deal were Bradesco BBI, Citi, Goldman Sachs, JPMorgan and Santander.
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Brazilian retailer places $500 mln in 10-year notes in its first trip to the international debt market