Axia increases local notes issuance to BRL2B after bookbuilding

Axia increases local notes issuance to BRL2B after bookbuilding

Axia Capital Increases Local Notes Issuance to BRL2 Billion Following Bookbuilding Process
February 24, 2026

Axia Capital, a Brazilian infrastructure finance firm, has announced an increase in its local currency notes issuance to BRL2 billion ($380 million) following a successful bookbuilding process, according to a statement released on February 22, 2026. The decision reflects the company's strategy to strengthen liquidity and fund ongoing projects in the renewable energy and transportation sectors.

The notes, which carry a weighted average coupon of 10.5% and maturities ranging from 5 to 10 years, were oversubscribed by institutional and retail investors during the bookbuilding period, which ran from February 18 to February 20, 2026. Axia attributed the strong demand to favorable market conditions and investor confidence in its portfolio of contracted assets, including wind farms and toll roads.

Proceeds from the issuance will be allocated to refinancing existing debt and advancing construction phases of two solar energy projects in Minas Gerais and Bahia states. The move aligns with Axia's 2026–2028 capital deployment plan, which targets BRL5 billion in new investments across infrastructure assets with long-term concession agreements.

Market analysts noted that the issuance underscores growing interest in Brazilian infrastructure debt, particularly among domestic investors seeking yields in a high-interest-rate environment. Brazil's benchmark Selic rate remains at 13.75% as of January 2026, providing a tailwind for fixed-income instruments.

Axia's expanded issuance comes amid broader sector activity, with 2026 already seeing BRL8.3 billion in infrastructure bond offerings, reflecting renewed private sector participation in public-private partnership (PPP) projects. The company reported no material changes to its credit ratings following the transaction.

[1] Axia Capital, Press Release, February 22, 2026.
[2] Ibid.
[3] Axia Capital, 2026–2028 Strategic Plan.
[4] Central Bank of Brazil, January 2026 Monetary Policy Report.

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