MRV preps local debt issues

MRV preps local debt issues

Brazil Bonds Structured Finance

Brazil's MRV Engenharia could raise up to BRL202m ($64.3m) in the local market, divided equally between debentures and real estate receivables certificates, or CRIs.The Belo Horizonte-based homebuilder aims to sell at BRL75m in CRIs but could increase the offer to BRL101m if there is enough demand, it said in a statement. The company added it would still carry out the sale with BRL40m in CRIs. MRV also plans to sell BRL101m in two-year debentures at 200bp over the DI interbank lending

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