January 18, 2018 / 11:27 AM / a month ago

Brazil's Natura to issue $1.15 bln in international debt

Jan 18 (Reuters) - The board of Brazilian cosmetics company Natura Cosmeticos SA has approved the issuance of $1.15 billion in bonds on the international market to repay debt incurred from its 2017 purchase of The Body Shop Inc.

In a securities filing on Thursday, the company said that the bonds cannot be sold in the United States without prior authorizations, except to certain institutional investors. (Reporting by Gram Slattery; editing by Jason Neely)

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