ALL Closes Upsized Debenture

ALL Closes Upsized Debenture

Bonds Corporate & Sovereign Strategy Brazil

America Latina Logistica (ALL) has wrapped up a BRL800m bond sale in Brazil’s domestic market, up from the BRL600m size it had originally indicated, according to the CVM. The freight transporter sold BRL539.2m in 2016 bonds which pay the DI rate plus 1.65%, and BRL270.8m in 2018 bonds that pay IPCA plus 8.49%, or the NTN-B government bond plus 1.76%. The pricing comes in below the respective DI plus 1.85% and NTN-B plus 1.85% price ceilings. The proceeds will be used to partially pay down d

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