Magalu books local bond sale

Magalu books local bond sale

Debenture Brazil Capital Markets Debt Fixed Income Commerce Retail shopping Project & Infrastructure Finance Ports Rule 476

Brazilian retailer Magazine Luiza, also known as Magalu, has set up the sale of BRL2 billion ($367 million) worth of debentures, just over two months after it earned BRL3.98 billion in a follow-on equity offering.  The São Paulo-based company plans to price the five-year notes at the DI interbank rate plus 1.25% in a deal open to only institutional investors under Rule 476, it said in a securities filing. It added that it will use the proceeds to "optimize cash flow." Magalu used a share sale in

Already have an account?

Free trial

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

Free Trial