Triangulo Upsizes Debenture

Triangulo Upsizes Debenture

Brazil Bonds

Brazilian road operator Triangulo do Sol Auto-Estradas has completed the sale of BRL691m ($351m) in domestic bonds, according to the CVM, upsizing from BRL620m. The 7-year sale is divided into a floating-rate tranche and an inflation-linked fixed-rate portion. A BRL324m floating portion pays DI+2.25%, inside a 3.0% limit, and amortizes twice annually beginning 2014. A BRL367m inflation-linked portion pays 5.40%, under an 8.0% limit, and amortizes annually beginning 2014. The Atlantia-Bertin unit

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