Localiza organizes local debt deals

Localiza organizes local debt deals

Corporate & Sovereign Strategy Debenture Brazil Debt Capital Markets Fixed Income

Brazilian car rental company Localiza said Tuesday that it intends to raise BRL4.25 billion ($803 million) in two separate transactions in the local debt market, according to a securities filing. Localiza Fleet, the company's fleet division, will issue BRL2.45 billion in six-year debentures at the DI interbank lending rate plus 1.87%, while Localiza itself will print BRL1.7 billion in two-year promissory notes at the DI plus 1.3%. The company said both transactions are intended to boost its cash

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