Corporate Taxpayer's ID (CNPJ): 01.425.787/0001-04
COMPANY REGISTRY (NIRE): 35.300.147.073
NOTICE TO THE MARKET REDECARD S.A. ("The Company") hereby informs the market that the Board of Directors approved, in a meeting held on this date, the 1st Issue of non-convertible Debentures by the Company. The Debentures are unsecured and in three series, with restricted efforts of placement pursuant to CVM Instruction 476/09 of January 16,2009 and further amendments ("Debentures" and "Issuance", respectively).
The issuance will total R$ 1,500,000,000.00 (one and a half
billion Brazilian Reais), comprised of
150,000 (one hundred and fifty thousand) Debentures, with a
nominal unit value of R$ 10,000 (ten thousand Brazilian
Reais) ("Nominal Unit Value") as follows: 50,000 (fifty
thousand) Debentures on the 1st (first) series; 50,000 (fifty
thousand) Debentures on the 2nd (second series);
and 50,000 (fifty thousand) Debentures on the
3rd (third series).
The Debentures are subject to the payment of interest over
its Nominal Unit Value, corresponding to the accumulated
variation of: (i) 103.90% of the daily average interest rate
of Interfinancial Deposits Over Extra-Group, expressed as a
per annum percentage, based on a 252-business day year,
calculated and published by CETIP (the Clearing House for the
Custody and Financial Settlement of Securities) on the daily
bulletin available on its internet website
http://www.cetip.com.br ("DI Rate") to the Debentures of the
1st (first series); (ii) 104.30% of the DI Rate
to the Debentures of the 2nd (second series);
and (iii) 104.70% of the DI Rate to the Debentures of the
3rd (third series). The remuneration of the
Debentures will be calculated on an exponential and
cummulative basis pro rata temporis, considering
the working days, over the
outstanding amount of the Nominal Unit Value of the
Debentures as of the date of Issuance until the effective
payment date, pursuant to the formula to be established in
the Issuance contract. The Debentures will be subject to the
renegotiation according to the terms to be established in the
Issuance contract. The Debentures of this Issuance will
mature on April 2nd, 2017. These proceeds
will be used to fund the working capital of the Company.
The minutes of the meeting of the Board of Directors are
available at the following websites:
www.redecard.com.br/ir , www.cvm.gov.brand
www.bmfbovespa.com.br.
Barueri - SP, March 27th, 2012.
VIVIANE BEHAR DE CASTRO Investor Relations Officer
distributed by | This press release was issued by Redecard SA and was initially posted at https://www.mzweb.com.br/redecard/web/arquivos/RDCD3_CM_20120327_ENG.pdf . It was distributed, unedited and unaltered, by noodls on 2012-03-28 09:41:00 AM. The issuer is solely responsible for the accuracy of the information contained therein. |