GPA sets rates for next debt deal

GPA sets rates for next debt deal

Debt Capital Markets Commerce Retail shopping Brazil

Brazilian retail group Companhia Brasileira de Distribuição, which does under business under the initials GPA, has set the expected pricing on its next debt deal for BRL1 billion ($191 million) in commercial paper, according to a securities filing. São Paulo-based GPA intends to issue BRL500 million in four-year promissory notes at the DI interbank lending rate plus 1.55% and another BRL500 million in five-year notes at the DI plus 1.65%, it said in the filing on Tuesday. It added that it will u

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