Arteris Tightens Debenture

Arteris Tightens Debenture

Brazil Bonds

Brazil’s Arteris has priced BRL600m ($270m) in domestic bonds, it says, getting a lower interest rate than expected. The operator owned by Abertis and Brookfield and formerly known as OHL Brasil got 1.49x demand for the 2018 debentures. This meant the borrower could tighten the interest rate to 1.09% from 1.15%. The bond amortizes in equal annual parts beginning in 2016. Arteris is raising funds to repay existing debt. BTG Pactual, HSBC and Itau managed the sale, rated Aa1 and done under the rul

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