CCR Unit Plans Local Bond

Concessionaria Rodovia Presidente Dutra (NovaDutra) is planning to raise BRL350m ($172m) in domestic bonds, it says. The road operator and unit of Companhia de Concessoes Rodoviarias (CCR) plans a 2015 debenture paying up to 105.8% of the DI. It is raising funds to repay short-term debt. Banco do Brasil and BTG Pactual are managing. NovaDutra is rated Baa3 on a national scale.