Produquimica Closes Domestic Bond

Brazil’s Produquimica Industria e Comercio has raised BRL150m ($74m) in the domestic bond market, according to Anbima. The chemical and fertilizer maker’s 2017 debenture pays 125% of the DI and amortizes annually during the final three years. Banco do Brasil managed the sale, done under the rule 476 restricted format.