Amil Gets Green Light for Debentures

The board of Brazilian health insurer Amil Participacoes has authorized a BRL300m 1-year debenture issue. The notes will pay 109.75% of the CDI rate. Proceeds will be used to rebuild its cash position following the acquisition of a 51.9% in local peer Medial Saude for BRL612.5m in cash in November. Itau BBA and HSBC are managing the sale.