MELI raises US$ 1 billion with 10-year bond
Mercado Livre raised $1 billion with the issuance of a 10-year bond this afternoon. The bond, maturing in 2036, had a spread of 130 basis points above the Treasury bond with the same term, sources close to the matter told Brazil Journal. Demand reached $2.1 billion.
MELI, also known as Mercado Livre, has raised $1 billion through a 10-year bond issue that matures in 2036. The bond was issued with a spread of 130 basis points above the Treasury bond of the same term. The issue attracted $2.1 billion in demand at its peak and $1.8 billion at the end. The funds will be used to boost liquidity and support MELI's growth plans.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
