CART Hits the Road

CART Hits the Road

Brazil Bonds

Toll road operator Concessionaria Auto Raposo Tavares (CART) has started investor meetings for a planned BRL750m ($371m) domestic bond, according to regulatory documents. A portion of the issuance is targeting the newly created infrastructure debenture market. The borrower plans an inflation-linked 12-year bond that can be divided in up to two tranches and pay up to 8.0%. The exact definition will be determined during bookbuilding, scheduled to conclude by December 12. The debentures amortize be

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