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Hidrovias sets up debt sale to fund Santos terminal

Hidrovias sets up debt sale to fund Santos terminal

October 19, 2021
Brazilian waterways logistics company looks to raise $69 mln in its first issue of debentures in the local market

Debenture Debt Capital Markets Project & Infrastructure Finance Brazil Rule 476

Brazilian waterways logistics company Hidrovias do Brasil said Monday that it plans to issue BRL380 million ($68.9 million) in debentures to fund investments in a new terminal at the Port of Santos. Hidrovias said it will divide the deal into one series of seven-year notes and another of 10-year notes, but it did not say how much it planned to issue in each series. It added that it expects to price the seven-year notes at the IPCA price plus 0.7% or a fixed rate of 5.15%, whichever is higher, an

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