December 5, 2013
Developer BR Malls is meeting investors ahead of a BRL400m ($168m) Certific
Developer BR Malls is meeting investors ahead of a BRL400m ($168m) Certificados de Recebiveis Imobiliarios (CRI) transaction in Brazil’s domestic market, according to a prospectus. The amount is to be divided into tranches due 2024, 2026 and 2029, with pricing finalized by January 17. The deal is backed by revenue from leasing contracts in two of BR Malls’ shopping malls, securitized by RB Capital. Itau is managing the transaction, rated Aa2 on a national scale.