Macquarie acquires Brazilian toll road portfolio
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The news: Macquarie Asset Management fund is acquiring a portfolio that holds the concessionaires for four toll roads in northeast Brazil and one in central Brazil from private equity firm Monte Capital Management.
The context: The acquisition is being undertaken via an agreement between the Brazilian private equity manager and Macquarie Infrastructure Partners IV.
The roads in northeast Brazil connect the country’s fourth-largest city with its main airport, one of the largest industrial complexes and popular residential and tourist regions. Macquarie will also hold a 30-year concession on a toll road in the agricultural state of Mato Grosso.
Macquarie did not reveal the value of the deal.
Meanwhile, on Thursday morning Macquarie Group announced to the ASX that it had issued $1.25 billion in subordinated tier two debt instruments in denominations of $10,000 each and at a fixed interest rate of about 6.1% and a fixed coupon amount of $307.28.
The subordinated notes will mature on 29 May 2040 with a first optional redemption date of 29 May 2035.
The sources: Macquarie media release, ASX
