July 14, 2020 |
Brazilian conglomerate Ultrapar Participações added $350 million to its 5.25% 2029 bonds on Monday, with orders peaking at more than $500 million, sources involved in the deal told LatinFinance.
Ultrapar priced the tap at 99.994 to yield 5.25% with Itaú BBA, Morgan Stanley and Santander as active bookrunners and Bradesco BBI, Mizuho, MUFG and Scotiabank as passive bookrunners, according to sources.
The conglomerate opened the initial price talk in the mid-5% area. It then set guidance at 5.3%, p
Brazilian conglomerate raises dollars to pay off debt in an oversubscribed deal