Via to roll over debt with new notes

Via to roll over debt with new notes

Debenture Debt Fixed Income Corporate & Sovereign Strategy Capital Markets Commerce Retail shopping Rule 476 Brazil

Brazilian retail group Via plans to carry out a three-part debenture sale for BRL1 billion ($192 million) in the local market, selling new notes to pay off debt and add to cash reserves, it said in a securities filing on Sunday. The São Caetano do Sul-based retailer, previously known as Via Varejo, said it intends to issue a series of three-year debentures at the DI interbank lending rate plus 1.5% along with a series of five-year debentures at the DI plus 1.7% and a series of seven-year notes a

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