Unidas Readies Acquisition Debt

Brazil’s Unidas plans to sell $120m ($61m) in domestic bonds, it says. The vehicle rental provider’s 2018 debenture would pay the DI plus up to 1.80%. Proceeds would go to funding the BRL185m acquisition of competitor Best Fleet agreed last month. No additional details were given for the deal, to be done under the rule 476 restricted format.