January 22, 2021
Brazilian waterways logistics company Hidrovias do Brasil announced an offer on Thursday to buy back the $575 million in outstanding 5.95% 2025 bonds, just over three months after its initial public offering (IPO).
Hidrovias International Finance, a finance subsidiary based in Luxembourg, offered to pay $1,061.25 for every $1,000 in principal, including a $50 premium for bondholders who tender their notes by the early-bird deadline on February 2. After the early cutoff date, Hidrovias offered to
Brazilian waterways logistics company gives creditors until early February to tender the bonds