Mercado Livre raises US$1 billion in 10-year debt at 5.85%

Mercado Livre, the Brazil-based e-commerce and payment leader, finalized a $1 billion debt issuance this week with a ten-year maturity. The company set aside pricing expectations between $1 billion and $1.5 billion but ultimately determined the final raise at exactly $1 billion. Analysts tracking the transaction via Interfolio reported that the deal struck at an initial rate of 5.85%. Mercado Livre stated it intends to deploy these funds for general corporate purposes, specifically funding growth in its digital payments sector, consumer lending, and logistics network across Latin America. The transaction follows a separate $750 million bond sale executed last December. A consortium comprising Allen & Company, Bank of America, Citibank, Goldman Sachs, JP Morgan, Morgan Stanley, and Santander coordinated the deal.