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Brazilians Optimistic on Infrastructure Bonds after Tiete Pull

May 31, 2012

Brazilians in the country’s domestic bond market remain optimistic about the prospects for debentures issued under legislation offering buyers tax advantages if the proceeds are used for infrastructure. Toll road operator Rodovias do Tiete has cancelled the sale process for a BRL650m ($327m) 2024 bond, citing market conditions, according to sources following the deal. The inflation-linked bonds were to pay up to 8.75% and be the first to take...

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