Rutas 2 and 7 launches bond sale

Rutas 2 and 7 launches bond sale

Bonds Debt Capital Markets Fixed Income Uruguay US

Rutas 2 and 7 Finance has launched a $458m cross-border bond deal at a final yield of 5%, according to two bankers close to the deal. Final pricing on the zero-coupon bond was pending on Tuesday evening, a source said. The bookrunners Goldman Sachs and Itaú BBA set the guidance on the 2036 bonds at 5.25%. The notes carry average life of 9.7 years, one banker said. The Inter-American Development Bank (IDB) and IDB Invest provided letters of credit to support the project, according to a report fro

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