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Movida markets cross-border bonds

Brazilian car rental company plans to sell sustainability-linked notes
BondsDebtCapital MarketsCorporate & Sovereign StrategyFixed IncomeBrazil
Brazilian car rental company Movida Participaçoes started making calls to investors on Monday as it looks to issue sustainability-linked dollar-denominated bonds in the cross-border market, according to a source involved in the deal.
Movida hired Citi, JP Morgan, Morgan Stanley, BTG Pactual, Itau, Santander, UBS, and XP to lead the expected sale of intermediate maturity notes.
Proceeds will be used to extend the maturity of the company s debt and general refinancing of existing indebtedness, the
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