Ecovias Moves Debenture Along

Ecovias Moves Debenture Along

Brazil Bonds

Concessionaria Ecovias dos Imigrantes plans to begin meeting investors next week to market a BRL750m ($383m) domestic bond sale. Bookbuilding is expected to start April 16 and close by April 26, according to a prospectus. The plan is for two inflation-linked tranches that qualify for investor tax exemptions under the Brazilian government’s infrastructure debenture legislation. A 2020 bond will pay a fixed rate set to the yield of the NTN-B government bond at the time of pricing plus up to 50bp.

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