#!/bin/bash
targets="A B C
D E F
G H I"
while read -r line
do
cmd="sed 's/ *$line/###$line/g'"
echo "$cmd"
done <<< $targets
IyEvYmluL2Jhc2gKCnRhcmdldHM9IkEgQiBDCkQgRSBGCkcgICAgSCBJIgoKd2hpbGUgcmVhZCAtciBsaW5lCmRvCiAgIGNtZD0ic2VkICdzLyAqJGxpbmUvIyMjJGxpbmUvZyciCiAgIGVjaG8gIiRjbWQiCmRvbmUgPDw8ICR0YXJnZXRzCgo=