Sendas Distribuidora approved to issue R$2 billion debentures

Chicago, Nov. 29 – Brazil’s Sendas Distribuidora SA has the approval of its board of directors to issue up to R$2 billion of non-convertible debentures, according to a 6-K filing with the Securities and Exchange Commission.

The sale of the six-year debentures would be aimed exclusively at professional investors.

Proceeds would be used for general uses, including cash increase.

The prospective issuer is a Rio de Janeiro-based supermarket chain.

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