Totvs touts next debt deal

Totvs touts next debt deal

Debenture Debt Capital Markets Technology Brazil

Brazilian software company Totvs said it plans to sell BRL1.5 billion ($282 million) worth of debentures in the local market and raise funds for its strategic plan. The São Paulo-based company expects to price the new three-year notes at the DI interbank lending rate plus 1.9%, it said in a securities filing on Friday. Totvs has raised debt in the local bond market on two previous occasions. It issued BRL200 million in one-year notes at the DI plus 2.65% in April 2020 and used the money to pay o

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