Minas Gerais Sounds Banks on Loan

Minas Gerais Sounds Banks on Loan

Brazil Loans

Bankers are busy poring over a rare request for proposals from the Brazilian state of Minas Gerais, which is looking to raise some $1.3bn in the loan markets. The move is seen as unusual for a Brazilian sub-sovereign and has left bankers somewhat ambivalent about pitching for the business. “It is a wish list,” says one who thinks such a transaction may be ambitious, especially with the 15-year tenor that the state government is targeting. The deal would carry a government guarantee which may inc

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