Brazil CBD Supermarket Chain To raise BRL900 Million From Debt Issue
17 Setembro 2014 - 4:53PM
Dow Jones News
By Rogerio Jelmayer
SAO PAULO--Companhia Brasileira de Distribuicao (CBD, PCAR4.BR),
Brazil's largest retailer by revenue, said it will raise 900
million Brazilian reais ($386 million) from an issue of local
bonds, called debentures.
The company, which is controlled by French retail group Casino
Guichard-Perrachon SA (CGUSY, CO.FR), said that the debentures will
come due in September 2019 and the company said it will use the
proceeds to reinforce its working capital.
Banco Bradesco BBI and Banco Safra will coordinate the
operation.
Write to Rogerio Jelmayer at rogerio.jelmayer@wsj.com
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