October 23, 2013
Companhia de Concessoes Rodoviarias (CCR) and its concession units continue
Companhia de Concessoes Rodoviarias (CCR) and its concession units continue to draw funding from Brazil’s domestic bond market, with the RodoNorte subsidiary readying a BRL120m ($55m) sale. The 2015 debenture is expected to pay 106.4% of the DI, the issuer says in a filing. RodoNorte is raising funds to repay debt. The operator of roads in the state of Parana says the lead manager remains to be determined for the transaction, done under the rule 476 restricted format.