Brazil’s Trisul Files IPO

Trisul, a São Paulo-based real estate developer, has filed to go public on the Bovespa via bookrunner Morgan Stanley and joint lead JPMorgan. The company, the product of a recent merger between Tricury and Incosul, has not released details on the size or number of shares. In the filing, the company states it has a BRL190m 25-year line of credit and BRL71m in outstanding construction-related loans from local banks with maturities ranging between 2008 and 2010.