News
19 August 2022

Brightline closes short-term bonds for commuter sections

In:
Infrastructure, Transport
Region:
Americas

Brightline Holdings has closed on a $770 million unrated tax-exempt bond issue to fund completion of the commuter sections of its Florida passenger rail project. The bonds, for which Morgan Stanley was sole underwriter, are reported to have sold at 98% of par and with a 7.25% coupon. Brightline is a...

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