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Brazil's Cetip to amortize 100 million reais in debentures
November 7, 2012 / 11:10 PM / 5 years ago

Brazil's Cetip to amortize 100 million reais in debentures

RIO DE JANEIRO, Nov 7 (Reuters) - Brazilian securities clearinghouse Cetip in a regulatory filing on Wednesday said it would amortize 100 million reais ($49.26 million) worth of debentures by the end of this month.

Cetip said the move, a partial amortization of debentures it issued in 2010, is “indicative of the company’s good performance and a result of its heightened capacity to generate cash.”

Last year, Cetip also paid 100 million reais out of the total of 900 million reais worth of debentures it issued.

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