Movida Participacoes SA, founded in Brazil, is a leading player in the vehicle rental and fleet management sector. The company offers a range of mobility solutions, including car rentals, corporate mobility services, and vehicle leasing tailored to both individual and corporate clients.
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Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Movida began issuing bonds in 2017, marking its entry into the fixed-income market. Significant issuances include the 2020 series, which raised R$ 1 billion, aimed at expanding its fleet and enhancing service offerings. Currently, Movida’s bonds yield around 8%, competitive with industry averages, reflecting its solid operational performance. Notably, in 2021, the company launched a sustainability-linked bond, tying interest rates to environmental performance metrics, showcasing its commitment to sustainable practices.