Vivara prepares a second debenture sale: JPMorgan targets Vivara stock at BRL 30.00

Published on 10/16/2026 at 03:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Vivara approved BRL 300.0 million of debentures on October 13, 2026. JPMorgan set a BRL 30.00 target for Vivara stock.

Debt and expansion shape Vivara

Vivara approved BRL 300.0 million of debentures on October 13, 2026.
JPMorgan set a BRL 30.00 target for December 2027 on September 29, 2026.
Vivara stock was last at BRL 27.54 on October 15, 2026 at 5:05 p.m. BRST on B3.

Vivara, BRVIVAACNOR0, Illustration mit AI erstellt.

Vivara was preparing a second debenture sale to repay a loan, LatinFinance reported on October 14, 2026. The company had approved a BRL 300.0 million issue on October 13, 2026, with five-year securities maturing on October 15, 2031, according to UOL.

Three dates reshape the story

Vivara's latest reported quarter ended June 30, 2026, with revenue of BRL 833.1 million, net income of BRL 151.7 million and a net margin of 18.2 percent, according to OBM. On September 29, 2026, JPMorgan reiterated an overweight rating and set a BRL 30.00 target for December 2027, as El Fondo reported. The October 13, 2026 debenture approval is the latest event in that sequence.

What does refinancing mean for debt?

The refinancing plan matters because Fitch assigned a national AAA rating to the proposed issue on October 14, 2026, according to Monitor Mercantil. The proceeds are intended to amortize Santander debt and strengthen cash, while adjusted total debt stood at BRL 1.3 billion in June 2026. The same report said the issue would be unsecured and mature in 2031.

The next dates are October 17 and 2031

Vivara planned to open a store at Sao Paulo's JK Iguatemi mall on October 17, 2026, as part of a goal to add 55 to 65 locations during 2026. The company added 22 net stores in the first half of 2026, reaching 520 points of sale across 316 malls, according to El Fondo.

Stock stays in a wide range

The last quoted B3 price was BRL 27.54 on October 15, 2026 at 5:05 p.m. BRST. The 52-week range was BRL 20.04 to BRL 36.65, giving the refinancing plan and store rollout a market context without turning the latest company action into a forecast.