Ultrapar lines up new notes

Ultrapar lines up new notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil

Brazil's Ultrapar Participações said it intends to issue new notes to fund a planned buyback of up to $200m of its 5.25% 2026 bonds. The fuel distribution company has offered to pay $1,040 for every $1,000 in principal through June 5. After that, it has offered to pay $1,010 through June 19. Bradesco BBI, Citi, Goldman Sachs, Itaú BBA and Santander are the deal managers on the buyback, Ultrapar said in a statement. Ultrapar raised $750m from the sale of the 10-year notes in September 2016, le

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