March 5, 2021 |
Brazilian real estate developer Cyrela Commercial Properties (CCP) said Thursday that it raised BRL300 million ($52.9 million) from the sale of debentures and will use the proceeds to add to its cash holdings.
CCP issued the non-convertible debentures in two series with tenors of three and five years after receiving board approval to sell the notes on March 3, according to a securities filing.
CCP did not provide the pricing information or say which banks coordinated the deal.
In December 2019,
Brazilian real estate developer issues $53 mln in three- and five-year notes to keep in cash