Iguatemi reduces borrowing costs in local market

Iguatemi reduces borrowing costs in local market

Debt Debenture Brazil

Brazilian shopping mall operator Iguatemi reduced its borrowing costs in the local bond market, pricing a two-part deal at lower spreads than last year, according to a securities filing. The company raised BRL500 million ($96 million) in a two-part debt sale in the local market this week, pricing BRL264 million in five-year debentures at the DI interbank lending rate plus 1.48% and BRL236 million in seven-year debentures at the DI plus 1.63%, it said in a filing on Wednesday. It also said it wou

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