October 20, 2021 |
Rio Smart Lighting, a concessionaire affiliated with Puerto Rico's High-Trend International, plans to issue up to BRL925 million ($166 million) in 11-year sustainability-linked bonds (SLBs) this month to fund a street lighting public-private partnership (PPP) in the city of Rio de Janeiro.
Rio Smart started calling investors in Tuesday with Goldman Sachs as the sole bookrunner, according to press reports.
The concessionaire will use the proceeds to finance part of a 20-year street lighting PPP
Puerto Rican public lighting company plans to issue $166 mln in SLBs for a 20-year PPP in Brazil's second largest city