April 8, 2021
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
Brazilian car rental prices $213 mln in new 10-year notes at 5.47% in a local deal led by BV