Localiza adds to debenture sale

Localiza adds to debenture sale

Debenture Debt Fixed Income Capital Markets Brazil Tourism

Brazilian car rental company Localiza said Wednesday that it increased the size of its latest debenture sale to BRL1.2 billion ($213 million) to meet demand. BV, an investment banking joint venture with Votorantim and Banco do Brasil, led the deal and priced the new 10-year notes at a fixed rate of 5.4702%, Localiza said in a securities filing. The Belo Horizonte-based company outlined a BRL1 billion debenture sale in March, saying it would back the new notes with a guarantee from its commercial

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