MV24 trims spread on project bond

MV24 trims spread on project bond

Bonds Debt Capital Markets Fixed Income Energy Gas Brazil Japan Asia

MV24 Capital has issued $1.1bn in 15-year project bonds to yield 6.75%, shaving 25bp off the initial price talk around 7% on strong demand, LatinFinance has heard. Citi was the global coordinator on the deal with Mizuho, Morgan Stanley and SMBC as the other joint bookrunners. The new notes priced around 200bp above the 2028 notes from Brazil's state-owned energy company Petrobras, which were seen trading between 4.7% and 4.75% on Thursday, said a source close to the deal. MV24 will use the money

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial