Brazilian Wraps up Debentures

Randon, a Brazilian manufacturer of truck trailers and rail freight cars, has completed the raising of BRL300m ($145m) in the domestic bond market, according to Anbima. The 2019 debenture pays the DI+1.15% and amortizes in two equal parts in years six and seven. The proceeds are marked for repaying short-term debt and working capital. Bradesco coordinated the sale, done under the rule 476 restricted format.