Debenture Structuring Carried Out By Lobo de Rizzo Receives An International Award
First issue guaranteed in Brazilian Reais by IDB will receive an award in this year’s edition of Bonds & Loans Latin America Awards
Bonds & Loans Latin America Awards 2019 has just awarded our legal advice to Atlantic Energias Renováveis regarding the Santa Vitória do Palmar Wind Complex infrastructure debenture’s financial structuring. Partners Fabrizio Sasdelli and Milton Pinatti, leaders of the Financial and Capital Markets team, led the operation.
In addition to the loan granted by the Regional Bank for the Development of the Extreme South (BRDE) and by the National Bank for Economic and Social Development (BNDES), the operation relied on a simple debentures issue guaranteed by the Inter-American Investment Corporation, the investment branch of the Interamerican Development Bank (IDB).
The operation had major international acknowledgement since it was the first time that IDB provided guarantee in Brazilian Reais. It also established the beginning of this kind of structure in the Brazilian market.
“That kind of debenture issue will be increasingly widespread in the Brazilian market due to the major need for innovative sources to finance infrastructure projects in Brazil”, said Sasdelli.
Bonds & Loans Latin America acknowledges the main operations in the Latin American capital markets. The award ceremony will take place on June 4th, in São Paulo.
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