LLX Bond Details Emerge

Brazil’s LLX has finalized details on the BRL750m ($371m) 2027 bond done at its LLX Acu unit. The superport complex in Rio de Janeiro is to pay 6.09% interest on the inflation linked notes, according to Anbima. The debenture amortizes in annual installments beginning in 2015. Caixa is managing the sale, done under the rule 476 restricted format, and purchasing it. The proceeds will help fund construction. Controller Eike Batista last week shelved plans to buy up LLX’s outstanding shares and delist them.