CCR Shops Short Debenture to Bradesco

Brazilian toll-road operator CCR has completed a BRL300m 1-year debenture issue. The bond pays DI plus 1.6%. The deal consists of a single BRL300m tranche, which was bought by underwriter Bradesco, a CCR investor relations official tells LatinFinance. This type of bond, becoming more frequent in Brazil as public markets remain unsettled, functions like a loan, including a quicker and less regulatory-intense process, the official says. The notes were not rated.