Published on 10/25/2021 in the Prospect News Emerging Markets Daily and Prospect News Green Finance Daily.
New Issue: Rumo sells $500 million 4.2% sustainability-linked notes due 2032
Chicago, Oct. 25 – Rumo Luxembourg Sarl sold $500 million of 4.2% sustainability-linked notes due 2032 (Ba2//BB), according to multiple press releases.
Rumo SA guaranteed the notes.
Itau BBA USA Securities, Inc., Morgan Stanley & Co. LLC, Santander Investment Securities Inc., Banco Bradesco BBI SA, Banco BTG Pactual SA, Cayman Branch, Citigroup Global Markets Inc., Goldman Sachs International, JP Morgan Securities LLC, UBS Securities LLC and XP Investimentos Corretora de Cambio were the initial purchasers.
Proceeds from the Rule 144A and Regulation S issue will be used for debt repayment and general corporate purposes.
Rumo is a railroad and logistics operator in the Brazilian infrastructure industry.
Issuer: | Rumo Luxembourg Sarl
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Guarantor: | Rumo SA
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Issue: | Sustainability-linked notes
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Amount: | $500 million
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Maturity: | 2032
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Bookrunners: | Itau BBA USA Securities, Inc., Morgan Stanley & Co. LLC, Santander Investment Securities Inc., Banco Bradesco BBI SA, Banco BTG Pactual SA, Cayman Branch, Citigroup Global Markets Inc., Goldman Sachs International, JP Morgan Securities LLC, UBS Securities LLC and XP Investimentos Corretora de Cambio, Bonds and Securities SA
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Counsel to issuer: | Davis Polk
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Counsel to bookrunners: | Lefosse Advogados
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Coupon: | 4.2%
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Settlement date: | Sept. 22
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Ratings: | Moody’s: Ba2
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| Fitch: BB
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Distribution: | Rule 144A and Regulation S
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