Comgas Sets Infra Debenture Target

Comgas Sets Infra Debenture Target

Brazil Bonds

Brazil’s Comgas is preparing a BRL400m ($203m) domestic bond sale, with the second of two tranches qualifying as infrastructure debentures exempting individuals and foreigners from IOF tax, according to a prospectus. The gas distributor plans a 2020 tranche paying the DI plus up to 0.85% and amortizing in three parts during the final three years. A second 2018 inflation-linked bullet infrastructure debenture tranche pays a fixed rate equal to the NTN-B bond at the time of pricing plus up to 60bp

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