September 16, 2021 |
Brazilian railroad operator Rumo sold $500 million worth of 10-year sustainability-linked bonds on Wednesday to fund the buyback of notes that mature in 2025, a source involved in the deal told LatinFinance.
The new 2031 notes carried a coupon of 4.2% and priced at 99.591 to yield 4.25%, according to the source. Rumo had opened the deal with the initial price talk in the high-4% area and set guidance at 4.5%, plus or minus 12.5 basis points, the source added.
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