September 17, 2019
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
Brazilian logistics firm ramps up at least $245m in local notes for the Malha Central and Malha Sul