Camargo Corrêa to issue US$1.7bn in promissory notes
JUSTIÇA DE SÃO PAULO DETERMINA QUE O MUNICIPIO AUTORIZE A EXPEDIÇÃO DE NOTAS FISCAIS ELETRÔNICAS.
9 de fevereiro de 2024
Por que Rússia deve crescer mais do que todos os países desenvolvidos, apesar de guerra e sanções, segundo o FMI
18 de abril de 2024Brazilian construction firm Camargo Corrêa will issue 3bn reais (US$1.7bn) in promissory notes for a three-year debt program, news service Agência Estado reported.
Part of the issue is due in six months and will be used to finance a minority stake in cement manufacturer Cimentos de Portugal (Cimpor).
Fitch assigned an F1 (bra) national short-term credit rating on the papers.
The issue is supported by a guarantee comprising a pool of shares from companies directly or indirectly related to the construction firm, according to Fitch.
The guarantee includes shares chosen from the following companies: holding Itaúsa; power company VBC Energia; the real estate branch of the Camargo Corrêa group; toll road operator CCR (Bovespa: CCRO3); US aluminum maker Alcoa (NYSE: AA); textile group São Paulo Alpargatas; and Cimpor, the report said.
