Inepar Clinches Local Bond

Brazilian construction and industrial conglomerate Inepar has sold BRL150m ($75m) in domestic bonds, according to Anbima. The inflation-linked 2016s pay 8.5%, in line with the target, and amortize monthly beginning in 2013. Inepar plans to use proceeds for working capital and adjusting its debt profile. Banco BVA managed the sale, done under the rule 476 restricted format.