CCR to add to cash with new notes

CCR to add to cash with new notes

Brazil Capital Markets Bonds Debt Project & Infrastructure Finance Toll Road

Brazilian infrastructure group CCR said it plans to issue BRL2.3 billion ($405 million) in promissory notes and keep the proceeds in cash, according to a securities filing. CCR will split the restricted offering into four series with maturities of two years, it said in the filing on Monday. The proceeds "be designated to the strengthening and composition of the company's cash," it added. In late October, CCR held on to the concession for the Via Dutra toll road by bidding BRL1.77 billion at auct

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