Brazil’s Localiza Rent a Car again considers issuing bonds

By Christine Van Dusen

Atlanta, Aug. 22 – Brazil’s Localiza Rent a Car is reviving plans for an offering of notes, a market source said.

No other details on the new offering were immediately available on Friday.

The Belo Horizonte-based vehicle rental company previously canceled a proposed international offering of real-denominated notes due to market conditions.

Merrill Lynch, Bradesco BBI, Citigroup and Itau were the bookrunners for the previously planned notes.

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