April 20, 2018 |
Brazil's Odebrecht has sold BRL225m ($66.3m) in real estate receivable certificates, or CRIs, to pay off debt owed to local lender Itaú Unibanco.
Itaú BBA coordinated the sale, while Nova Securitização was the structuring agent and Pentágono was the placement agent, according to the law firm Machado Meyer, which advised Odebrecht on the transaction.
Odebrecht is in talks to sell a real estate project São Paulo worth up to BRL400m, according to local press reports. The company has also committed
Brazilian builder sells $66m in real estate receivables to raise money owed to Itaú