JTC Luxembourg, a provider of fund management services, has announced that it supported Hidrovias International Finance S.à r.l. on a $500 million bond issuance.
Hidrovias International Finance executed its $500 million offering of 4.950% Senior Notes due 2031. The proceeds of the offering are primarily for the refinancing of a concurrent cash tender offer in relation to its existing notes. JTC’s team in Luxembourg provided domiciliation, management, accounting and reporting as well as corporate secretarial support services to their issuance vehicle.
Hidrovias International Finance is a wholly-owned subsidiary of Hidrovias do Brasil S.A., which is one of the largest independent integrated logistics providers focussed on waterway logistics services in Latin America. Their mission is to provide quality logistics solutions using waterways, prioritising sustainable development and ethics.
This news follows Hidrovias do Brasil’s debut bond offering in January 2018, on which JTC Luxembourg also provided support on, and its initial public offering of shares in September 2020.
Joost Mees, Managing Director – Head of Luxembourg at JTC, commented: "We are thrilled to support Hidrovias International Finance S.à r.l. with administration and management support services. Hidrovias is another client of JTC Luxembourg who prioritises sustainable development as an integral part of their mission. It is always a pleasure to work with clients who have the same sustainability values as JTC and we hope to build on our partnership with the Hidrovias team”.