Market Trouble Threatens Infra Debenture Plans
Challenging market conditions are pushing back the Brazilian debenture issuance pipeline, with Oi and Comgas electing to postpone infrastructure debenture transactions. The two blue-chip issuers have been expected to add weight to the budding infrastructure debenture asset class, which recently saw Rodovias do Tiete complete a BRL1.07bn ($473m) 2028 bond, though the inflation-linked deal came at the wide end of expectations. Oi has put a BRL800m deal on hold, having to make...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.