Invepar lines up local note sale

Invepar lines up local note sale

Debenture Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Project & Infrastructure Finance Brazil

Brazil's Invepar could sell up to BRL2bn ($535m) in three-year debentures in the local market to pay off debt from the Linha Amarela toll road concession. S&P Global Ratings said it has assigned a brA- rating with a negative outlook to the proposed debt sale, saying the deal will lower Invepar's refinancing risks. Invepar had BRL1bn in short-term debt payments and BRL390m in cash at the end of September last year, according to S&P. Invepar won a court decision late last month to charg

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