Localiza Clinches Domestic Bond

Brazilian rental car company Localiza has finalized the sale of BRL300m ($148m) in domestic bonds, according to Anbima. The 2019 debenture pays DI+0.95%, and amortizes beginning in year four. Caixa and Banco do Brasil managed the sale, done under the rule 476 restricted format. Localiza is rated AA+/Aa1. Earlier this year, Localiza tapped the debenture market for BRL500m.