Mater Dei makes plans for first local bonds

Mater Dei makes plans for first local bonds

Corporate & Sovereign Strategy Debenture Brazil Debt Capital Markets Healthcare Hospitals

Brazilian healthcare group Rede Mater Dei said Tuesday that it plans to carry out its first deal in the local bond market, issuing BRL500 million ($91.2 million) in debentures to add to its cash position. The seven-year notes are expected to price at the DI interbank lending rate plus 1.75% in a restricted offering under Rule 476, Mater Dei said in a securities filing. Belo Horizonte-based Mater Dei raised BRL1.4 billion in an initial public offering (IPO) in April. It agreed in July to buy 70%

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial