Interproperties Places RegS in Local Markets

Interproperties Places RegS in Local Markets

Peru Bonds

Interproperties Finance Trust (IFT) has priced a $185m senior secured RegS-only 2023 bond at par to yield 8.75%. The notes amortize in equal payments semiannually beginning March 30, 2015 and will be fully secured by the unit’s commercial real-estate assets operated by Real Plaza. Proceeds will go toward new investments and to refinance existing loans. The real estate unit of Peru’s Intergroup, met only with the local investors and placed the paper in Peru (60%) and Chile (40%). Buyers

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