Guararapes sets up next debt sale

Guararapes sets up next debt sale

Debenture Debt Bonds Fixed Income Commerce Retail shopping Capital Markets Brazil

Brazilian clothing retail group Guararapes Confecções said it plans to issue BRL300 million ($58.3 million) in debentures to increase its cash reserves, soon after raising BRL400 million in the local market. Guararapes' board of directors approved the debenture sale on Tuesday, the same day that the company settled its most recent debt deal to add to working capital, according to securities filings. Last week, Guararapes priced BRL400 million in 2027 debentures at the DI interbank lending rate p

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