February 13, 2019 |
Brazil's Rumo has outlined a local debt sale, looking to raise BRL500m ($135m) in 10-year debentures.
The new notes will likely price at 50bp over the IPCA consumer price index, the logistics company said in a securities filing. Rumo did not say which banks it has hired to lead the sale.
S&P Global assigned a brAA+ rating to the upcoming debt sale and also upgraded Rumo's dollar-denominated 2025 notes to BB- from B+.
Rumo sold $500m in seven-year bonds with a 5.875% coupon in January last
Brazilian logistics firm plans to sell $135m in 10-year debentures