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Prospect News home > News index > List of issuers L > Headlines for Localiza Rent a Car SA > News item
Published on 4/21/2011 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.

Brazil's Localiza Rent a Car cancels plans for global notes offering

By Christine Van Dusen

Atlanta, April 21 - Brazil's Localiza Rent a Car has canceled plans for an international offering of real-denominated notes due to market conditions, a market source said.

Merrill Lynch, Bradesco BBI, Citigroup and Itau were the bookrunners for the planned notes, which were marketed on a roadshow from March 10 to March 15.

Localiza is a Belo Horizonte, Brazil-based vehicle rental company.


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