April 22, 2021
Brazilian retail company Via Varejo said it plans to raise up to BRL1 billion ($180 million) in a two-part sale of sustainability-linked bonds (SLBs) in the local market, according to a securities filing.
São Caetano do Sul-based Via Varejo intends to issue one series of three-year debentures and another of five-year debentures, setting aside the proceeds to pay down debt and add to its cash holdings, it said in the filing.
The 2024 debentures will pay the DI interbank lending rate plus as much
Brazilian retailer plans to raise up to $180 mln with pricing tied to efforts to switch to renewable energy sources