December 13, 2013
MRS Logistica has completed the placement of BRL300m ($128m) in Brazil’s do
MRS Logistica has completed the placement of BRL300m ($128m) in Brazil’s domestic bond market, according to Anbima. The 2018 debenture pays the DI+0.9%, inside a 1.1% limit, and amortizes in equal parts at the end of the final three years. The railroad operator is raising funds for working capital and to repay existing debt. Santander managed the transaction, done under the rule 476 restricted format and rated AA+ on a national scale.