Tiete Infra Debenture Lands at Wide End

Tiete Infra Debenture Lands at Wide End

Brazil Bonds

Brazil’s Rodovias do Tiete has priced a BRL1.07bn ($473m) infrastructure debenture sale at the wide end of its expected price range, according to investors following the process. The road operator’s inflation-linked 2028 bond is paying 8.0%, at the ceiling of the 5.5%-8.0% target range. It was not immediately clear how much, if any, of the sale was placed with international investors. The marketing effort included an international road show earlier this month. The deal is priced at a time when m

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