Brazilian retailer Lojas to make dollar bond debut

Brazil, LatAm, Sao Paulo, Avenida Paulista, 575
By Oliver West
24 Sep 2020

Brazilian retail group Lojas Americanas began calls with investors on Wednesday as it looks to sell a benchmark dollar bond with an intermediate maturity.

One of the largest issuers in Brazil’s domestic bond market, Lojas has mandated Bank of America, BTG Pactual and Itaú as global coordinators on its first ever international bond. The Ba1/BB/BB rated company plans to fully hedge its dollar exposure to the Brazilian real, according to a presentation ...

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