C&A sizes up debt deal in Brazil

C&A sizes up debt deal in Brazil

Corporate & Sovereign Strategy Debt Debenture Latin America South America Brazil Capital Markets Rule 476 Commerce Retail shopping

C&A Modas, the Brazilian division of European fast-fashion retailer C&A, said late Tuesday that it received board approval to issue BL500 million ($93.3 million) in debentures to pay off short-term debt and add to working capital. C&A will issue the four-year notes in a single series at the DI interbank lending rate plus 2.15%, it said in a securities filing. The company said it will use the proceeds to support its expansion plans, pay down short-term debt and for the ordinary course

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