Randon Sells Debentures

Brazilian truck trailer and rail car producer Randon Implementos plans to close a BRL200m ($88.2m) 7-year debenture Thursday, after the board approved the issue last week. Randon is offering the same terms as it did on a similar, BRL300m deal in January: a DI+1.15% yield for the bond that amortizes in two equal parts at the end of the sixth and seventh years. The proceeds of the August 1 debenture will go to working capital and to extend the maturity of short-term debt. It is selling the bond under Brazil’s Rule 476.