Unidas Readies BRL250m Debentures

Brazilian vehicle rental provider Unidas has filed to sell BRL250m in 2012 bonds. The notes will pay interest at the DI rate plus 275bp. Unidas plans to use the proceeds for paying short-term debt as well as expanding its fleet. Itau is leading the sale, with UBS Pactual, ABC Brasil, Banif and HSBC as co-managers.