Phoenix Tower, Vidroporto sell debentures

Phoenix Tower, Vidroporto sell debentures

Debenture Debt Capital Markets Fixed Income Brazil

Phoenix Tower and Vidroporto have recently sold debenture in Brazil's capital markets, according to the companies' legal advisor, TozziniFreire. Phoenix Tower raised BRL150m ($38.4m) from the sale of seven-year notes, while Vidroporto earned BRL200m ($51.2m) from six-year paper.  CM Capital Markets priced Phoenix Tower's notes at 2.75% over the DI interbank lending rate. Itaú BBA placed Vidroporto's paper at 2.6% over the DI, according to the local capital markets association Anbima. The DI stoo

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