The decision on granting infrastructure debentures may fall to government ministries, says Cescon
The new infrastructure debentures, announced in a decree this Wednesday and highly anticipated by the market, still depend on ministerial regulations in the affected sectors to be finalized and available to companies looking to raise capital through the instrument.
New rules are expected to spark a rush for incentivized debenture issuances
The restrictions outlined in the decree detailing the rules for the new infrastructure debentures—which grant tax benefits to issuers—and incentivized debentures with income tax (IR) exemptions for individual investors are expected to trigger a rush for new transactions.
Special Report: New debentures benefit for companies and sectors of public interest
Today, the government has published a decree in the Official Gazette (DOU) setting the criteria for projects eligible to issue infrastructure debentures.
