Olympic Concessionaire Taps Domestic Funds

Concessionaria Rio Mais, the consortium formed by builders Odebrecht, Andrade Gutierrez and Carvalho Hosken for work on Rio de Janeiro’s Olympic Park, has raised BRL315m ($154m) in Brazil’s local bond market, according to Anbima. The 1.5-year debenture pays the DI+0.73%. Itau coordinated the transaction, done under the rule 476 restricted format.