Localiza Chooses Local Bond Option

Localiza Chooses Local Bond Option

Brazil Bonds

Localiza is planning a Brazilian domestic bond after last month finding conditions unsuitable for raising a BRL-denominated bond internationally, its CFO tells LatinFinance. “We are able to raise funds abroad, and there is a lot of interest from investors,” Roberto Mendes says. “The plan was to raise 10-year bonds, but in this environment it was difficult,” he says. A 5-year maturity in global BRL – achieved Tuesday by Coelba and in November by Itau and InBev – would not suit Localiza’s needs, h

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