Santos Brazil has demand exceeding 2 times for R $300 mi of debentures

Santos Brazil, which acts in the area of operation of containers and port logistics, attracted demand of 2.8 times, equivalent to R $830 million, to your issuance of debentures, the first in four years. The company, however, has captured only the originally intended, R $300 million. To keep the roles of maturity in five years reduced the prize of 1.35% to only 0.7% and for the roles of seven years, from 1.65% to 1%. The costs of the market were more efficient than the lines available in the Banco Nacional de Desenvolvimento Econômico e Social (BNDES), according to company executives. Greater. The resources are part of the planned investment for the next 10 years to modernize the wharf Tecon Santos, the largest in the country, involving a total of RS $1.3 billion. With this investment, the Santos Brazil anticipated renewal of lease won in 2022, which means the company will be operating the terminal for over 25 years until 2047. The R $300 million are targeted at expanding the port docks in order to accommodate three ships of almost 400 meters each. Do-over. Even with the capture, leverage follows fairly low, in the ratio of 0.4 times Ebitda. So, in addition to the cost advantage, the capitals market must be considered as an option for possible funding. Santos Brazil accounts for 35% of the containers from the port of Santos and 16% of the movement of import and export for this via the country.