Convicon comes to local debt market

Convicon comes to local debt market

Bonds Debt Capital Markets Debenture Fixed Income Brazil

Convicon, a port terminal concessionaire owned by Santos Brasil, will come to the local bond market for the first time, looking to raise money for investments, according to a report by S&P Global.The port terminal operator will issue BRL60m ($13.2m) in 12-year notes to cover some of the investments it agreed to make when it extended the concession for another 15 years in late 2017, S&P said.Convicon agreed to invest BRL129m to expand capacity to 163,000 twenty-foot equivalent units (TEUs

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