Retailer Luiza Readies Domestic Issue

Magazine Luzia, the Brazilian retailer that held an IPO earlier this year, plans to raise BRL200m ($108m) in local bonds, it says. The 2014 note should pay up to 113% of the DI benchmark. The retailer is seeking funds for working capital and to extend its maturity profile. It could not be reached for comment on the managers of the sale, to be done under the rule 476 restricted format.