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Emerging MarketsEM LatAm

Hidrovias sails through smooth waters to lower funding costs

hidrovia, LatAm, river, boat, ship, sipping, Navios, logistics, 575, Uruguay, Brazil

After receiving a strong response to a cash tender offer for its only previous international bond, Brazilian waterway logistics services provider Hidrovias do Brasil notched an eight times subscribed order book on its way to a $500m 10-year non-call five deal on Wednesday.

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