December 6, 2019
Brazilian real estate companies JHSF Participações and Monteiro Aranha have raised BRL320 million ($76.5 million) combined from debt sales in the local market, according to securities filings.
JHSF placed BRL120 million in 10-year debentures to fund the sale of real estate receivables certificates, or CRIs, for a commercial development on Avenida Brigadeiro Faria Lima in the financial district of São Paulo.
The real estate developer sold the new notes at 100% of the DI interbank lending rate, i
Brazilian real estate companies raise $76 mln combined in the local debt market