Assaí adds to debt deal on high demand

Brazil’s Sendas Distribuidora, owner of the wholesale retailer Assaí Atacadista, has increased the size of a planned debt sale to BRL1.6 billion ($303 million) due to “high demand,” investor relations director Gabrielle Helú told LatinFinance.

Assaí outlined last month a two-part debenture deal for BRL1.2 billion, split between one series of five-year debentures of five-year notes at the DI interbank lending rate plus 1.7% and a series of seven-year notes at the DI plus 1.95%.