The R$1.065 billion ($450.77 million) deal is rated Ba2 internationally and Aa2 nationally. The deal was led by global coordinator and bookrunner BTG Pactual, along with bookrunners Banco ABC, Espírito Santo, Safra and Morgan Stanley. This was the toll road operator’s second attempt to price a real-denominated bond following an aborted attempt to sell a R$650 million bond last year in a deal led by Barclays.
The transaction is a 15-year amortizing bond, paying inflation index Ipca plus 8%.
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