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Brazil's MRS Logística seeks US$130mn in bonds issue

Bnamericas
Brazil's MRS Logística seeks US$130mn in bonds issue

The board of Brazilian railway operator MRS Logística authorized the company to raise up to 500mn reais (US$133mn) from the issue of local bonds.

The debentures will be issued via two series and the company will use proceeds to finance investment plans and reinforce working capital.

MRS is a concessionaire that controls and operates the federal railroad network connecting the southeast states of Rio de Janeiro, Minas Gerais and São Paulo.

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