OAS Wraps Up Debentures

Brazil’s OAS has completed the sale of BRL300m ($149m) in the domestic debenture market, according to Anbima. The 2015 bonds pay the DI+2.4%, feature an 18-month grace period and are guaranteed by the Construtora OAS unit. Proceeds are destined to improve the builder and engineer’s debt profile. Bradesco managed the sale, done under the rule 476 restricted format and rated BBB on a national scale.