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Movida, the Brazilian car rental company, on Wednesday turned to international bond markets for the second time to reopen a 2031 sustainability-linked bond first issued in January.
With Latin American primary bond markets finally coming to life this week, BB-/BB- rated Movida set initial price thoughts at a reoffer price of 99.25 area as it sought to add to its senior unsecured 5.25% February 2031s.
Leads BTG Pactual, Citi, Itaú, JP Morgan, Morgan Stanley,...