BRIEF-Magazine Luiza announces issue of debentures

miércoles 8 de junio de 2016 06:37 GYT

June 8 (Reuters) - Magazine Luiza SA :

* Announced on Tuesday that its board approved the sixth issue of unsecured non-convertible debentures, in a single series, for public distribution with restricted placement efforts

* To issue 10,000 debentures, totalling 100.0 million Brazilian reais ($29.1 million)

* The issue date is June 20, the validity period is 2 years

* The proceeds to be allocated to early redemption or optional acquisition of the debentures of the third issue and to recomposition of the company's cash balance

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($1 = 3.4367 Brazilian reais) (Gdynia Newsroom)