September 19, 2013
UTC Participacoes has completed the placement of BRL400m ($177m) in domesti
UTC Participacoes has completed the placement of BRL400m ($177m) in domestic bonds, according to Anbima. The engineering and construction company's 2018 debenture pays 118.25% of the DI, and amortizes annually beginning in 2015. Bradesco arranged the transaction, done under the rule 476 restricted format. UTC Participacoes is a holding company for operations in the concession, construction, real estate development and oil and gas sectors.