March 2, 2020
Brazilian toll road concessionaire BRVias has sold BRL700 million ($156 million) worth of debentures to fund investments in the ViaRondon highway in the state of São Paulo.
Santander led the deal for BRVias, pricing the 15-year notes at the IPCA consumer price index plus 5.55%, according to the local capital markets association Anbima.
In June 2012, when BRVias issued BRL300 million in debentures for ViaRondon, it priced the 15-year notes at IPCA plus 8.15%, led by Banco Votorantim.
Brazilian toll road concessionaire sells $156 mln worth of debentures for ViaRondon