Phoenix Tower, Raízen sell debt in Brazil

Phoenix Tower, Raízen sell debt in Brazil

Debenture Debt Capital Markets Fixed Income Brazil Rule 476

The Brazilian subsidiary of the US mobile phone tower company Phoenix Tower International issued BRL475 million ($92.3 million) in debt in the local market, while ethanol producer Raízen Energia, a joint venture with Shell and Cosan, raised BRL170 million, according to the capital markets association Anbima. Phoenix Tower Participações, a division of the US company, worked with Bradesco BBI on the debt sale and priced the 7.5-year debentures at the DI interbank lending rate plus 2.1%, according

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