Developer Gets Credit Line

Brazilian real estate developer Helbor Empreendimentos has signed a BRL1.5bn credit facility with Bradesco, it says. Helbor will use the loan to borrow to fund projects, according to an investor relations official. It will pay TR plus 10.5%-11.5%, depending on use of proceeds. The Sao Paulo-based developer of commercial and residential properties operates in 9 Brazilian states and held an IPO in 2007.