Rumo funds rail investments

Rumo funds rail investments

Debenture Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil

Brazil's Rumo said it plans to raise money for railroad investments by issuing at least BRL1bn ($245m) in debentures in the local market on October 15. The Curitiba-based logistics company could increase the size of the two-part deal by 20% to BRL1.2bn to meet demand, it said in a prospectus. Itaú BBA is leading the deal with BB Investimentos, Bradesco BBI, BTG Pactual, Santander and XP Investimentos. Rumo will invest BRL797m from the debt sale in the Malha Central railroad project and BRL203m i

Already have an account?

Free trial

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

Free Trial