Debentures ahead for Centrovias, Vianorte, and Log CP

Debentures ahead for Centrovias, Vianorte, and Log CP

Centrovias’s shareholders approved the sale of a BRL400m ($168m) long 4-year bond last week. The note, which it plans to sell under Brazil’s 476 private placement rule, will amortize from June 2015 and will pay up to 1.15% over the DI. Centrovias is a concession operated by Grupo Ateris. It was last in the market in 2010, when it sold a dual-tranche note: it pays 1.7% over the DI on a 2015, and 8% on a 2017. Related company Vianorte is also planning to issue in Brazil’s local market. It is looki

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