Brookfield to sell bonds in Brazil to help fund pipeline: Reuters
Canada’s Brookfield Asset Management is preparing a local bond sale in Brazil to help finance part of its investment in a Brazilian gas pipeline, sources told Reuters. In what would be Brazil’s largest local bond sale in two years, Brookfield is in talks to issue 5.2 billion reais (US$1.6 billion) in local bonds as part of a strategy to leverage its US$5.2 billion investment in the gas pipeline and raise its profits with the deal. The bonds will be issued by Nova Transportadora do Sudestes (NTS). Last year, a Brookfield-led consortium agreed to acquire a 90 percent stake in NTS from Brazil's state-run Petróleo Brasileiro SA.
20 March 2018•2 mins read
