Road Operator Parks Debenture Sale

ViaOeste, a toll road concession unit of Brazil’s Companhia de Concessoes Rodoviarias (CCR), has completed the sale of BRL750m ($399m) in Brazil’s local bond market, according to the CVM. The operator’s 2017 bond pays 108.3% of the DI, inside of the 109.5% limit. ViaOeste is raising funds to improve its debt profile, and to pay dividends. Bradesco, BTG Pactual and Itau managed the sale, rated Aa1 on a national scale.