Brazilian Paper Maker Plots Local Debt

Santher, a Brazilian paper manufacturer, plans to sell BRL230m ($115m) in Brazil’s local debenture market, it says. The 2016 bonds are to pay the DI plus 1.6%, and amortize in 5 equal parts beginning 2014. Santher will repay existing debt with the proceeds. It does not name the banks on the deal, saying only it has been authorized to hire banks, and a spokesperson declines to comment.