Americanas Bonds Reflect Higher Odds of Restructuring: Lucror
Published 18 January 2023, 14:28:26.302 GMT
(Bloomberg) -- Recent developments have “significantly increased” the likelihood of a restructuring for Brazilian retailer Americanas, “which is already reflected in the bond prices,” Lucror Analytics analyst Lorena Reich wrote in a research note.
* Notes due in 2030 issued by B2W Digital subsidiary slumped 47 cents in the past four sessions to around 19 cents on the dollar, according to Trace data
** Notes due in 2030 issued by Americanas’s subsidiary JSM Global plunged 49 cents to around 19 cents on the dollar in the same time span
* On Jan. 17, Americanas Bonds Plunge 25 Cents Amid Legal Fight, Downgrades
By Vinícius Andrade
--With assistance from Maria Elena Vizcaino and Julia Leite