GPA checks out local debt deal

GPA checks out local debt deal

Debenture Debt Capital Markets Brazil Commerce Retail shopping

Brazilian retail group Companhia Brasileira de Distribuição, which still goes by its old initials GPA, said it plans to raise up to BRL1.5 billion ($284 million) in a two-part debt deal in the local market. São Paulo-based GPA intends to issue one series of five-year notes and another of seven-year notes under Brazil's Rule 476 and use the proceeds to add to working capital and extend its debt maturities, it said in a securities filing on Wednesday. The company did not say which banks it has hir

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