Movida markets cross-border bonds

Movida markets cross-border bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil

Brazilian car rental company Movida Participaçoes started making calls to investors on Monday as it looks to issue sustainability-linked dollar-denominated bonds in the cross-border market, according to a source involved in the deal. Movida hired Citi, JP Morgan, Morgan Stanley, BTG Pactual, Itau, Santander, UBS, and XP to lead the expected sale of intermediate maturity notes. Proceeds will be used to extend the maturity of the company's debt and general refinancing of existing indebtedness, the

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