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Brookfield CRI Upsizes 0

Mar 1, 2012

A securitization of Broookfield Incorporacoes construction loans being prepared in Brazil's local market has received sufficient demand to upsize the deal to BRL172.5m ($100m), exercising the greenshoe, according to sources with knowledge of the deal. The 2024 deal done under the Certificados de Recebiveis Imobiliarios (CRI) format is expected to pay inflation plus 5.8%, and close in the first half of March. The deal consists of Brookfield Cedula de Credito Bancario (CCB) loans taken out to develop properties, bought and securitized by Gaia Securitizadora. BTG is managing the sale.


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