Chicago, July 2 – Rumo Luxembourg Sarl, a subsidiary of parent company Rumo SA, priced $500 million of 5¼% green notes due Jan. 10, 2028 (BB-/BB), according to a notice.
The company had planned on an issue size of $500 million to $750 million.
The parent is guaranteeing the bonds.
Proceeds will be used to finance new investments in eligible green projects.
Rumo is a railroad and logistics operator in the Brazilian infrastructure industry.
| Issuer: | Rumo Luxemboug Sarl
|
| Guarantor: | Rumo SA
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| Description: | Green notes
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| Amount: | $500 million
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| Maturity: | Jan. 10, 2028
|
| Coupon: | 5¼%
|
| Trade date: | July 1
|
| Expected ratings: | S&P: BB-
|
| Fitch: BB
|
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