Pulp Producer Completes Domestic Bond

Eldorado Celulose e Papel has raised BRL940m ($450m) in Brazil’s domestic bond market, according to Anbima. The inflation-linked 2027 debenture pays 7.41%, in line with expectations. The bond amortizes monthly beginning after one year. Proceeds will be used for capex at Eldorado’s Tres Lagoas facility in Mato Grosso do Sul. Banco do Brasil managed the sale, done under the rule 476 restricted format.