JHSF sets ups CRI deal

JHSF sets ups CRI deal

Debenture Debt Capital Markets Fixed Income Brazil Latin America

Brazilian real estate company JHSF Participações plans to carry out a deal to sell real estate receivables certificates, or CRIs, as it aims to stretch the average term of its debt and lower its interest payments, it said a securities filing on Tuesday. The local securitization firm True Securitizadora will buy BRL300 million ($57.2 million) in six-year debentures issued by JHSF at the DI interbank lending plus 1.55%. True will issue the same amount in CRIs on behalf of JHSF, according to the fi

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