BRIEF-Companhia Brasileira de Distribuicao to issue up to 1.01 bln reais in debt

jueves 6 de octubre de 2016 07:44 GYT

Oct 6 (Reuters) - Companhia Brasileira de Distribuicao :

* Said on Wednesday its board of directors approved an issue of simple non-convertible debentures in the total amount of 750.0 million Brazilian reais ($233.0 million) which can be increased up to 1.01 billion reais

* Debentures to be issued through private placement to Ares 2 Servicos Imobiliarios Ltda, to have a validity period of three years

* Funds to be intended exclusively for purchase of agricultural products

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($1 = 3.2194 reais) (Gdynia Newsroom)