Localiza Rent A Car, founded in 1973 and headquartered in Brazil, is a leading car rental company dedicated to providing mobility solutions to both individual and corporate clients. The company operates an extensive fleet of vehicles across Brazil and Latin America, offering services including car rentals, leasing, and dashboard services that cater to a wide range of customer needs.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| RENTBZ 10.22% 2030-04-16 BRLLocaliza Rent A Car | Brazil | 2030-04-16 | 10.220 | 11.99 |
| RENTBZ 10.26% 2029-02-27 BRLLocaliza Rent A Car | Brazil | 2029-02-27 | 10.260 | 13.83 |
| RENTBZ 10.59% 2025-11-10 BRLLocaliza Rent A Car | Brazil | 2025-11-10 | 10.590 | — |
| RENTBZ 11.57% 2033-08-11 BRLLocaliza Rent A Car | Brazil | 2033-08-11 | 11.570 | 13.44 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Localiza has been active in the bond market since its initial issuance in 2013, with significant offerings that have allowed the company to finance its fleet expansion and modernization efforts effectively. Notably, in 2021, Localiza issued a BRL 1 billion bond that garnered considerable interest due to its competitive yields compared to industry peers, reflecting investor confidence in its operational stability and growth prospects. The bonds typically feature a five-year maturity, and the company's credit rating has remained robust, bolstered by steady cash flows and a strong market position, ensuring its ability to meet ongoing obligations.