Retailer to Issue BRL350m Debentures

Brazilian online retailer B2W is planning to issue BRL350m in debentures. Further details were not released, as the issue must still be approved by the CVM. B2W, the result of a 2006 merger between online retailer Submarino and Lojas Americanas, plans to use proceeds to repay short-term debt and invest in technology, logistics and sales. Unibanco is managing the deal.