Brazil Sees First Infrastructure Debenture

Oct 4, 2012

While small even by domestic market standards at BRL25m ($12m), ACS’s Montes Claros transmission project has priced Brazil’s first infrastructure debenture to be placed with investors, according to sources familiar with the transaction. The 17-year inflation-linked debenture pays 8.75%, and features a security package pari-pasu with the issuer’s BRL123m...

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“The crisis has been a setback for reserve diversification."

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