Freight Manufacturer to Issue BRL debt

Randon, a Brazilian Manufacturer of truck trailers and rail freight cars, is preparing to raise BRL300m ($145m) in the domestic bond market, it says. The plan is for a 2019 debenture paying the DI+1.15% and amortizing in two equal parts in years six and seven. The proceeds are marked for working capital and other corporate purposes. It does not indicate the banks managing the sale, being done under the rule 476 restricted format.