Comgas Pauses Infra Debentures

Comgas Pauses Infra Debentures

Brazil Bonds

Brazil’s Comgas has asked regulators to pause the sale process for its BRL400m ($202m) domestic bond sale, it says. The sale – which includes a tranche qualifying for tax exemption under the infrastructure debenture law – had been planning to initiate the bookbuilding process this week. It does not give a reason for requesting the 60-day postponement. 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

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