Comgas Eyes Infra Debentures

Brazil’s Comgas is preparing a domestic bond sale, according to a person familiar with the process, part of which should take the form of so-called infrastructure debentures. A BRL400m ($201m) size is expected. Bradesco, BTG Pactual and JPMorgan are managing. The gas distributor was acquired last year by Cosan, using BRL3.3bn in 8-year loans that Cosan is seeking refinance this year.