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Brazil’s Chamber passes bill creating infrastructure debentures

RIO DE JANEIRO, BRAZIL - The Chamber of Deputies on Wednesday, July 7, passed Bill 2646/20 authored by deputy João Maia (PL-RN) and other legislators, which creates infrastructure debentures to be issued by utilities providers.

The bill to be forwarded to the Senate also changes rules for investment funds in the sector.

Debentures are bearer bonds issued by companies with commitments to pay interest after a certain period, negotiable in the market.

The substitute was agreed to by the bill's rapporteur, deputy Arnaldo Jardim (Cidadania-SP). According to the draft, infrastructure debentures may be issued by concessionaires . . .

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