December 7, 2022 |
Brazilian holding company Simpar plans to issue BRL850 million ($161 million) in debentures in the local market on December 20, according to the minutes of a late-November board meeting published on Tuesday.
Simpar has priced the new 10-year notes at the DI interbank lending rate plus 3.2% and said it will use the proceeds to add to working capital.
The company sold BRL750 million worth of 2029 debentures at the DI plus 3% in August and BRL750 million worth of 2027 debentures at the DI plus 2.4
Brazilian holding company aims to raise $161 mln to add to working capital