EcoRodovias Completes Debenture

EcoRodovias Completes Debenture

Brazil Bonds

EcoRodovias has completed an BRL800m ($394m) domestic bond sale, according to regulatory documents. The road operator was able to tighten interest rates below target when bookbuilding was completed last week. A BRL240m 2018 tranche pays the DI+0.79%, coming tight to a DI+1.25% ceiling. A BRL160m inflation-linked 2019 tranche, pays 5.0%, tight to a 6.50% limit. The largest allocation went to the BRL400m inflation-linked 2022 portion, paying 5.35%, inside of a 6.85% limit. The first two tranches a

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