Brazil’s Corporate Friday: Buybacks, Payouts and a Ratings Upgrade
Itaú Unibanco announced a R$11 billion ($2.1B) repurchase of Tier 2 notes. Casas Bahia raised R$368.2M ($71M) via commercial notes. TIM approved R$515M ($100M) in interest on capital. Cemig declared R$200M ($39M) in interest. Light SESA's rating upgraded to brBB+ post-bankruptcy. Braskem's net debt at 14.7x EBITDA, creditors rejected restructuring plan. Copel to delist from Latibex. Assaí acquired 18 petrol stations. Goldman Sachs sees 23% upside for MBRF. Petrobras raised diesel price with subs






