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Sendas Distribuidora approved to issue R$2 billion debentures
Chicago, Nov. 29 – Brazil’s Sendas Distribuidora SA has the approval of its board of directors to issue up to R$2 billion of non-convertible debentures, according to a 6-K filing with the Securities and Exchange Commission.
The sale of the six-year debentures would be aimed exclusively at professional investors.
Proceeds would be used for general uses, including cash increase.
The prospective issuer is a Rio de Janeiro-based supermarket chain.
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