Hidrovias offers to repurchase 2025 notes

Hidrovias offers to repurchase 2025 notes

Bonds Debt Capital Markets Fixed Income Asset Management Funds Project & Infrastructure Finance Brazil US

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

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