Source: Rumo website
Rumo is an operator and owner of freight railway lines, freight trains, and related infrastructure in south Brazil. It owns 13,500 km of railway lines, 1000 locomotives and 2800 wagons. It is the largest such company in Brazil.
In recent years, it has been investing in its network to improve the fuel economy of its operations and its resulting emissions.
The proceeds will be used to finance the purchase of new locomotives and rolling stock. Bond proceeds will also be allocated to upgrading the related infrastructure to support these trains and the associated railway lines.
One of the ways it is reducing the energy consumption of its trains is by using this "Trip Optizimer" automation technology from GE.
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DATE OF ISSUE |
TENOR | TYPE OF INSTRUMENT |
SIZE |
COUNTRY OF ISSUER |
VERIFIER'S REPORT |
ANNUAL REPORT | FURTHER INFORMATION | |
| July 2020 | 8 years | Senior Unsecured Notes | USD 500 million | Brazil |
Low Carbon Transport |
pre issuance verification |
|