October 29, 2019
Brazil's Ipiranga Agroindustrial has issued its first infrastructure debentures in the local market, raising BRL200 million ($50 million) in a deal arranged by Itaú BBA, according to the capital markets association Anbima.
The sugar and ethanol producer, based in the state of São Paulo, sold the seven-year notes at 2.61% over the IPCA consumer price index, according to Anbima.
The notes were issued under Brazil's Rule 476 and were tax exempt for foreign investors and local retail investors. They
Brazilian sugar and ethanol producer raises $50 mln from the sale of seven-year debentures, led by Itaú BBA