by Lulu Rumsey Brazil′s Machado, Meyer, Sendacz e Opice Advogados has helped São Paulo′s metro operator issue 165 million reais (US$47 million) worth of debentures, which are subordinated to a loan from the Inter-American Development Bank (IADB) and utilise a novel put option mechanism to protect the loan in the event of default. by Lulu Rumsey

Brazil′s Machado, Meyer, Sendacz e Opice Advogados has helped São Paulo′s metro operator issue 165 million reais (US$47 million) worth of debentures, which are subordinated to a loan from the Inter-American Development Bank (IADB) and utilise a novel put option mechanism to protect the loan in the event of default.

http://latinlawyer.com/news/article/49565/machado-meyer-stocche-forbes-pinheiro-neto-lobo-de-rizzo-close-rare-debt-offer/