Road Operator Prices First Widely-Marketed Infrastructure Debenture

Oct 12, 2012

Brazil's AutoBan has priced a BRL1.1bn ($539m) domestic bond that includes a tranche qualifying as aninfrastructure debenture, becoming the first widely-marketed deal to take advantage of the legislation allowing tax exemptions to investors, according to sources following the sale. The toll road operator owned by Companhia de Concessoes Rodoviarias...

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

Jan Dehn, Ashmore Investment Management