Published on 9/30/2010 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.
New Issue: Brazil's BR Properties prices $200 million 9% perpetual notes at par
By Christine Van Dusen
Atlanta, Sept. 30 - Brazil's BR Properties priced $200 million perpetual notes at par to yield 9%, a market source said Thursday.
Credit Suisse and Itau were the bookrunners for the Rule 144A and Regulation S transaction.
BR Properties is a developer based in Sao Paulo.
| Issuer: | BR Properties
|
| Amount: | $200 million
|
| Maturity: | Perpetual
|
| Description: | Notes
|
| Bookrunners: | Credit Suisse, Itau
|
| Coupon: | 9%
|
| Price: | Par
|
| Yield: | 9%
|
| Trade date: | Sept. 30
|
| Settlement date: | Oct. 7
|
| Distribution: | Rule 144A and Regulation S
|
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