Benetton Unit Hires Banks for $408 Million Bond Sale in Brazil
- BTG, Itau, Banco do Brasil to handle Regis Bittencourt deal
- Another $1.3 billion to be sold locally by toll-road operators
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Autopista Regis Bittencourt SA, a Brazilian toll road operator ultimately controlled by Italy’s Benetton family, has mandated three banks to sell as much as 1.7 billion reais ($408 million) of bonds in the local market.
Banco BTG Pactual SA, Banco Itau Unibanco Holding SA and Banco do Brasil SA have been selected by the Registro, Sao Paulo state-based company to handle a dual-tranche deal that will be offered before the end of October, according to people with knowledge of the matter, who asked not to be named as the plan isn’t public yet.