Usiminas Chooses 6-year Local Bond

Brazil’s Usiminas plans to issue BRL1bn ($476m) in 2019 domestic bonds, it says. The steelmaker had been considering both four and six-year maturities. The debentures will pay DI+1.0%. Usiminas is raising funds to repay debt due this year. Banco do Brasil and Bradesco are coordinating the sale, to be done under the rule 476 restricted format and rated Aa1 on a national scale.