FORM 6-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of
the Securities Exchange Act of 1934
For the month of October, 2002
Brazilian Distribution Company
(Translation of Registrant's Name Into English)
Av. Brigadeiro Luiz Antonio,
3126 Sao Paulo, SP 01402-901
Brazil
(Address of Principal Executive Offices)
(Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
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(Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the information to
the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes __ No X
COMPANHIA BRASILEIRA DE DISTRIBUICAO (CBD)
Publicly-Held Company
CNPJ/MF No. 47.508.411/0001-56
PUBLIC ANNOUNCEMENT
Pursuant to paragraph 4 of article 157 of Law 6.404/76 and the provisions of CVM
Instruction 358/2002, Companhia Brasileira de Distribuicao announces that an
Extraordinary General Meeting held on October 4, 2002 approved the Company's 5th
debenture issuance of up to R$ 600,000,000.00 in an indeterminate number of
tranches.
The 1st tranche of the 5th Issue will be composed of up to 50,000 non
convertible, unsecured debentures without seniority at a unit par value of R$
10,000.00 and a maturity of 60 months from the date of issue, October 1, 2002.
Interest will be based on the average overnight Interbank Deposits (Depositos
Interfinanceiros DI) expressed in an annual percentage form on a 252-day basis,
calculated and disclosed by the Securities Clearing House (Central de Custodia e
Liquidacao Financeira de Titulos - CETIP), plus a spread of 1.45% per annum, on
a 252 day basis. The interest rate of the Debentures of the 1st Series will be
reset on the 24th month as from the Issue Date when the holders of the
Debentures will have the right to require the redemption.
The Debentures of the 1st Series will be sold by public offering in exchange for
cash in Brazilian currency at the time of subscription at the unit par value
plus the remuneration due calculated pro rata temporis as from the Issue Date up
to the date of the effective subscription.
The funds raised through the 5th Debenture Issue will be used to substitute
existing lines of credit, and extend the overall maturity of the Company's debt
profile.
Sao Paulo, October 4, 2002
AYMAR GIGLIO JUNIOR
Investor Relations Director
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COMPANHIA BRASILEIRA DE DISTRIBUICAO THOMSON FINANCIAL INVESTOR
RELATIONS
Aymar Giglio Junior Doris Pompeu
Investor Relations Director Phone: 55 (11) 3848 0887
Fernando Tracanella ext.208
Investor Relations Manager E-mail: doris.pompeu@thomsonir.com.br
Phone: 55 (11) 3886 0421
Fax: 55 (11) 3884 2677
Email: pa.relmerc@paodeacucar.com.br
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Website: http://www.grupopaodeacucar.com.br
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Statements included in this report regarding the Company's business outlook and
anticipated financial and operating results. regarding the Company's growth
potential. constitute forward-looking statements and are based on management
expectations regarding the future of the Company. These expectations are highly
dependent on changes in the market. general economic performance of the home
country. industry and international markets. therefore they are subject to
change.
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SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
COMPANHIA BRASILEIRA DE DISTRIBUICAO
Date: October 8, 2002 By: /s/ Augusto Marques da Cruz Filho
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Name: Augusto Marques da Cruz Filho
Title: Chief Financial Officer
By: /s/ Aymar Giglio Junior
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Name: Aymar Giglio