October 17, 2019
Brazil's Rota das Bandeiras said it aims to raise BRL2.43bn ($584m) from the sale of debentures on November 15, its second debt deal in the local bond market.
The toll road concessionaire said it plans to divide the sale into seven parts, using the IPCA consumer price index and the DI interbank lending rate as the basis for pricing the notes. Four series of notes will either price at IPCA plus 1.5% or at a fixed rate of 5.2%, whichever is lowest, while the other three will come in as high as DI
Brazilian toll road concessionaire, backed by Mubadala and Farallon, aims to raise $580m from a seven-part deal in November