August 30, 2013
Concessionaria de Rodovias do Interior Paulista (Intervias) has set in moti
Concessionaria de Rodovias do Interior Paulista (Intervias) has set in motion the process to raise BRL600m ($252m) through a domestic bond sale. The road operator in Brazil’s Sao Paulo state plans a 2018 debenture paying the DI plus up to 1.15%, with annual amortizations beginning 2016, according to regulatory filings. The borrower is seeking funds to replace existing debentures. BTG Pactual, HSBC and Itau are managing the transaction, to be done under the rule 476 restricted format.