Unidas prices new notes

Unidas prices new notes

Debenture Debt Capital Markets Corporate & Sovereign Strategy Brazil

Brazil's Unidas said it is taking orders for BRL1bn ($259m) in debentures, divided into BRL527m in five-year notes, BRL373m in eight-year notes and BRL100m in 10-year notes. The car rental company said the five-year notes will pay 107.9% of the DI interbank lending rate, but it did not provide pricing details for the other two series of notes. It also did not say which banks it has hired to lead the sale. Unidas sold BRL250m in debentures in September last year, pricing BRL150m in five-year note

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