Brazil's Hypermarcas to issue $750 million 10-year notes at 6¾% yield

By Christine Van Dusen

Atlanta, April 14 - Brazil's Hypermarcas SA set the size at $750 million and the yield at 6¾% for its planned issue of 10-year notes (Ba2/BB-/BB), a market source said.

Bradesco BBI, Citigroup, HSBC, Itau and JPMorgan are the bookrunners for the Rule 144A and Regulation S notes, which are non-callable for five years.

Proceeds will be used to repay debt, for working capital and for general corporate purposes.

Hypermarcas is a health and personal care products manufacturer based in Sao Paulo.

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