By Christine Van Dusen
Atlanta, Jan. 13 - Brazil's BR Malls Participacoes SA priced $230 million perpetual notes (/BB-/BB) at par to yield 8½%, a market source said.
BTG Pactual and Deutsche Bank were the bookrunners for the Rule 144A and Regulation S deal.
Proceeds will be used for general corporate purposes and to fund capital expenditures and refinance existing debt.
BR Malls is a shopping mall company based in Rio de Janeiro.
| Issuer: | BR Malls Participacoes SA
|
| Amount: | $230 million
|
| Maturity: | Perpetual
|
| Description: | Notes
|
| Bookrunners: | BTG Pactual, Deutsche Bank
|
| Coupon: | 8½%
|
| Price: | Par
|
| Yield: | 8½%
|
| Call features: | Non-callable for five years
|
| Trade date: | Jan. 13
|
| Settlement date: | Jan. 21
|
| Ratings: | Standard & Poor's: BB-
|
| Fitch: BB
|
| Distribution: | Rule 144A and Regulation S
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
