December 2, 2020
Brazilian shopping mall company BR Malls issued BRL500 million ($95.9 million) in long-term debentures in the local market after two other issuers completed multi-part deals, according to the capital markets association Anbima.
With Itaú BBA as lead coordinator, BR Malls priced the new 2099 notes at the DI interbank lending rate plus 2.3%, according to Anbima.
BR Malls confirmed in October that it was in merger talks with Ancar Ivanhoe to create the largest shopping mall operator in Brazil.
Brazilian shopping mall company raises $96 mln as two other issuers complete multi-part deals