Rumo funds railroad investments

Rumo funds railroad investments

Debenture Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Project & Infrastructure Finance Brazil

Brazil's Rumo has priced a debenture deal in the local market, raising a total of BRL1.13 billion ($277 million) from the sale of 10-year notes.The Curitiba-based logistics company placed one series of notes at a fixed rate of 3.9% and another series at 4%, it said in a statement. Both series carried the same maturities of 10 years, it added.Rumo had planned to sell BRL1 billion in local notes, but the bookrunners increased the deal by 12.9% to satisfy demand, Rumo said. Itaú BBA led the deal wi

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