Invepar plans US$650mn overseas bonds issue
Brazilian infrastructure company Invepar is planning to issue overseas bonds worth US$650mn.
"Proceeds will be primarily used for the full redemption of the third and fourth debentures issued by Invepar, amounting to 1.2bn reais (US$321mn) as of 30 June 2018, most of which are due in December 2018," said Moody's, which assigned a 'B1' rating for the issue.
"Part of the proceeds will also be used to buy from investors the entirety of Metrorio's eighth issuance of senior secured debentures, amounting 566mn reais as of 30 June 2018, which is due in September 2021. Those debentures will [be] kept by Invepar holding company as an intercompany investment until maturity," added the rating agency.
Invepar is owned by local engineering group OAS along with pension funds Previ, Petros and Funcef, each with a 25% stake.
The company holds the concessions for Guarulhos international airport in São Paulo state – Brazil's busiest – and the Rio de Janeiro metro. It also has nine highway concessions, managing 1,975km of toll roads.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Infrastructure (Brazil)
Nova Litoral wins São Paulo PPP highway auction
The 30-year PPP is for 214km of highways in the southeast Brazilian state and will require investment of over US$800mn, mainly for adding lanes and...
The infrastructure plans of Brazil's Minas Gerais state
Infrastructure and urban mobility secretary Pedro Bruno Barros de Souza details the plans for this year and speaks about the potential record compe...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects in: Infrastructure (Brazil)
Get critical information about thousands of Infrastructure projects in Latin America: what stages they're in, capex, related companies, contacts and more.
- Project: Guaratuba Bridge and its accesses
- Current stage:
- Updated:
1 month ago
- Project: Luís Correia Port (Piauí)
- Current stage:
- Updated:
1 month ago
- Project: Campo Grande - Ouro Verde - Perimetral BRT, lot 4
- Current stage:
- Updated:
1 month ago
- Project: Aricanduva BRT Corridor
- Current stage:
- Updated:
1 month ago
- Project: São Paulo intercity railway - Trem Intercidades (TIC)
- Current stage:
- Updated:
1 month ago
- Project: Expansion and Modernization of Line 1 of the Federal District Metro - Samambaia Section
- Current stage:
- Updated:
1 month ago
- Project: Recovery, Reinforcement and Expansion of the Jornal A Tribuna Bridge (former Barreiros Bridge)
- Current stage:
- Updated:
1 month ago
- Project: Upgrade of route BR-392 Rio Grande-Pelotas section
- Current stage:
- Updated:
2 months ago
- Project: Xingó water supply channel, phase 1
- Current stage:
- Updated:
2 months ago
- Project: Pará Highway Subsystem: Sections PA-150, PA-475, PA-252, PA-151 and PA-483
- Current stage:
- Updated:
2 months ago
Other companies in: Infrastructure (Brazil)
Get critical information about thousands of Infrastructure companies in Latin America: their projects, contacts, shareholders, related news and more.
- Company: Grupo Bravante
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: São Paulo Obras (SPObras)
- Company: Consórcio Redemob
- Company: APM Suape Terminals
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Andrade Gutierrez S.A.  (AGSA)
-
Andrade Gutierrez S.A. is a Brazilian conglomerate focused on infrastructure works, logistics, industrial projects, urban mobility, electric power, telecommunications, sanitatio...
- Company: ENCOSAN Engenharia, Construções e Saneamento Ltda.  (ENCOSAN Engenharia)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Detroit Brasil Ltda.  (Detroit Brasil)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Navship Navegantes S.C.  (Estaleiro Navship)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Empresa Brasileira de Reparos Navais S.A.  (RENAVE)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...