Payment Processor Plots Local Funds

Vaild, the Brazilian payment processor, plans to raise BRL130m ($63m) in the domestic bond market, it says. It will look to sell a 2014 bond paying the DI+1.2%, to raised funds for repaying short-term debt. BTG Pactual is managing the sale, according to a source familiar with the issuance, to be done under the rule 476 restricted format.