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Highlights

  • Macquarie Asset Management is acquiring five Brazilian toll road concessions from Monte Capital Management.

  • The portfolio includes major routes in northeastern Brazil and a 30-year concession in Mato Grosso.

  • Separately, Macquarie Group issued $1.25 billion in subordinated debt at a 6.1% fixed interest rate.

Macquarie Asset Management (ASX:MQG) is expanding its presence in Latin America through a strategic infrastructure acquisition, securing control over a portfolio of Brazilian toll road concessions. The deal, made via an agreement with Monte Capital Management, will see Macquarie Infrastructure Partners IV take ownership of concessionaires for four key toll roads in northeastern Brazil and one in the central state of Mato Grosso.

Strategic Toll Road Assets

The four northeastern toll roads included in the deal are vital transport links that connect Brazil’s fourth-largest city to its primary airport, one of the country’s major industrial hubs, and bustling residential and tourist destinations. The fifth asset is a long-term, 30-year concession on a toll road in Mato Grosso.

Macquarie Asset Management’s latest acquisition aligns with the group’s broader strategy of investing in long-term infrastructure projects with stable cash flow potential.

Capital Markets Activity

In a separate announcement to the ASX on Thursday morning, Macquarie Group revealed it had issued $1.25 billion in subordinated tier two debt instruments. The notes were issued in denominations of $10,000 and carry a fixed interest rate of approximately 6.1%, with a fixed coupon payment of $307.28.

The debt instruments will mature on 29 May 2040, with an optional early redemption date set for 29 May 2035.