January 15, 2013
Brookfield Incorporacoes has determined terms on a BRL300m ($148m) domestic
Brookfield Incorporacoes has determined terms on a BRL300m ($148m) domestic bond sale. The developer plans two tranches, according to regulatory documents. A 2016 portion pays DI plus up to 1.65%. An inflation-linked 2018 piece pays up to 6.10%. It is raising funds to repay debt and for working capital. The size of each is to be determined during bookbuilding, with the issue able to be upsized by as much as BRL105m. JPMorgan and Itau are managing.