Brazil Auctions 22 Airports to Raise ~$600 Million

Brazil Auctions 22 Airports to Raise ~$600 Million

Brazil raised $593.11mn via a privatized auction of 22 airports, with the two largest blocks of airports won by the Brazilian infrastructure company CCR, as part of the government's push towards privatization. Out of the fifteen airports, nine in southern Brazil, will...

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Mexico To Repurchase $701 Million of Bonds

Mexico To Repurchase $701 Million of Bonds

Mexico agreed to repurchase $701mn in outstanding 2023s and 2040s, financed by the proceeds from Tuesday’s $2.5bn new 20Y bond issue at a yield of 4.285%, or T+205. In the buyback, Mexico seeks to repurchase $158mn in 6.75% 2034s and $143mn in 4% 2023s. Mexico also...

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Tata Steel Upgraded to BB- by S&P

Tata Steel Upgraded to BB- by S&P

S&P Ratings upgraded Tata Steel and its subsidiary Abja to BB- from B+ with a stable outlook. The rating agency cited operating momentum led deleveraging as primary factors for the rating action. S&P expects adjusted debt levels to fall ~30% by March 2023 from...

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