MRS, Santos Brasil issue local notes

MRS, Santos Brasil issue local notes

Debenture Debt Corporate & Sovereign Strategy Capital Markets Brazil Rule 476

MRS Logística and Santos Brasil Participações have raised BRL950m ($242m) combined from the sale of debentures in the local market, according to the capital markets association Anbima. MRS, a railroad concessionaire based in Rio de Janeiro, issued BRL650m in debentures, split between BRL367m in five-year notes based on the IPCA consumer price index and BRL283m in five-year notes based on the DI interbank lending rate. The bookrunner Santander priced the first series at 410bp over IPCA and the se

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