Road Operator Clinches Local Bond

ViaRondon, the operator of a toll road in Brazil’s Sao Paulo state, has completed the sale of BRL300m ($148m) in the domestic bond market, according to Anbima, finishing a process it had put off earlier in the year. The 2027 inflation-linked bond pays 7.75%, and amortizes over the final 10 years. Banco Votorantim managed the sale, done under the rule 476 restricted format.