April 12, 2019 |
Brazil's Invepar said it plans to issue BRL1.37bn ($355m) in debentures to pay off notes held by international investment funds.
The Rio de Janeiro-based infrastructure company expects to price the two-year notes at 12.64% over the IPCA consumer price index, it said in a securities filing.
In December 2017, when Invepar issued BRL800m in two-year debentures, it priced the notes at 14.9649% over IPCA. The Abu Dhabi fund Mubadala acquired BRL650m of those notes.
Invepar said it will use part of th
Brazilian infrastructure company outlines a $355m deal to pay off notes held by Mubadala