Road Operator Waits on Debenture

Road Operator Waits on Debenture

Brazil Bonds

Brazilian road operator Triangulo do Sol Auto-Estradas has decided to wait until early next year to issue domestic bonds, according to the CVM. The issuer had been marketing the deal, targeting BRL620m ($301m). The plan was to have a tranche paying the DI plus up to 3.0%, and another inflation-linked tranche paying up to 7.5%. Proceeds are for repaying existing debt. BTG Pactual, Bradesco, Itau and Santander are managing the sale. After a flurry of local issuance, featuring credits including Ele

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