BCR – Brisa Concessão Rodiviaria (Brisa Road Concession) has revealed that it will be issuing €120m in bonds. At the same time, it will reimburse bonds with the same nominal value ahead of schedule. “The bonds will be issued under its Euro Medium Term Note Programme, placed by private offering and will be requested their admission to trading on the regulated market NYSE Euronext Lisbon,” said the company’s president Vasco de Mello. The new issuance will be come out on June 7, the same day the outstanding euro floating rate bonds will be redeemed. BCR manages the motorways of Portugal and registered last year a net profit of €79.5m, an increase of 90 percent from 2014.
