Tiete Readies Investor Meetings

Tiete Readies Investor Meetings

Brazil Bonds

Rodoviarias do Tiete is scheduled to start meeting investors beginning Wednesday, according to a prospectus, ahead of a BRL1.07bn ($535m) domestic bond transaction. In its second attempt to raise funds taking advantage of tax treatment under Brazil’s infrastructure debenture legislation, the road operator plans an inflation-linked 2028 bond paying up to 8.0%. The exact rate is to be determined during the bookbuilding process, scheduled for June 19-28. Marketing efforts are expected to involve bo

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