Comgás, Queiroz Galvão go for billions in local bond market

Comgás, Queiroz Galvão go for billions in local bond market

Debenture Debt Capital Markets Fixed Income Gas Rule 476 Brazil

Comgás and Queiroz Galvão have each raised BRL2 billion ($499 million) from the sale of debentures in the local market, according to the capital markets association Anbima.Comgás, the gas distribution business of the ethanol and sugar producer Cosan, issued a single series of three-year notes at 0.5% over the DI interbank lending rate, led by Itaú BBA.In May last year, when Comgás went to the local market with BRL215 million in 10-year notes, the lead bookrunner Santander priced the deal at 6.1%

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