AutoBan Rolls out Infra Debentures

AutoBan Rolls out Infra Debentures

Brazil Bonds

Concessionaria do Sistema Anhanguera-Bandeirantes (AutoBan) has moved forward with a BRL450m ($188m) debenture sale that will mark its return to Brazil’s infrastructure debenture market. The toll road operator unit of Companhia de Concessoes Rodoviaraias (CCR) plans a 2018 inflation-linked debenture paying an interest rate equal to the NTN-B bond at the time of pricing plus up to 50bp, according to a prospectus. AutoBan is raising funds to fund improvement projects. Itau and Banco do Brasil are

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