Toll Road Sale Ends Brazil DCM Year on Strong Note

Dec 18, 2012

Brazilians are hopeful 2013 can top this year’s domestic bond market volume, with interest rates and the country’s infrastructure needs among the catalysts. In a positive sign, toll road operator Concessionaria Auto Raposo Tavares (CART) raised BRL750m ($357m) while getting foreigners to buy infrastructure debentures for the first time, in what is likely the domestic market’s final widely-distributed debenture sale of 2012. Volume for such deals, known as rule 400 transactions, stands at BRL14.30bn through Monday, according to the CVM, if large bank leasing...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial



LatinFinance Events

Poll

Are populist governments like Venezuela & Argentina turning pragmatic?

Vote