May 21, 2013
Brazil’s SPVias is preparing to raise BRL800m ($392m) in the domestic bond
Brazil’s SPVias is preparing to raise BRL800m ($392m) in the domestic bond market, according to parent and guarantor Companhia de Concessoes Rodoviarias (CCR). The plan is for a 2016 bullet debenture paying 105% of the DI. The operator of toll roads in the state of Sao Paulo is seeking funds to repay previous debt. An official at CCR declines to provide additional comment on the sale, to be done under the rule 476 restricted format.