Rumo to put Lat Am back on green track

Brazil, iron, train, railroad, Rumo, 575, LatAm, Minas Gerais, transporte
By Oliver West
30 Jun 2020

Brazilian railroad operator Rumo, which Fitch believes should only suffer a “limited” impact from coronavirus, is preparing what would be the first green bond from Latin America since the pandemic hit.

Itaú, Morgan Stanley and Santander are holding investor calls with BB-/BB rated Rumo, part of the Brazilian conglomerate the Cosan group, ahead of a potential senior unsecured green bond maturing in 2028. 

Proceeds of the proposed deal will be used to finance investments in accordance with the ...

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