Sinqia announces debt sale for acquisitions

Sinqia announces debt sale for acquisitions

Debenture Debt Capital Markets M&A Technology Brazil

Brazilian software company said Friday that it plans to issue up to BRL250 million ($49.2 million) in debentures to finance "potential share acquisitions of companies that are considered strategic," according to a securities filing. Sinqia expects to price the new five-year notes at the DI interbank lending rate plus 2.3%, it said in the filing. It did not say which investment bank it had hired to arrange the sale, but it worked with Itaú BBA when it priced BRL50 million in five-year debentures

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