February 19, 2019 |
Iochpe-Maxion has raised BRL1.45bn ($388m) from a two-part debenture sale in Brazil, according to the local capital markets association Anbima.
The auto parts maker sold BRL1.11bn in seven-year notes and BRL339m in five-year notes.
Itáu BBA priced the seven-year notes at 95bp over the DI interbank lending rate and the five-year notes at 75bp over the DI. The DI stood at 6.4% on February 14.
When Iochpe outlined the debentures deal in January, it said it planned to price the seven-year notes
Brazilian auto parts maker earns $388m from a two-part debenture deal