Trisul, MRV Move BRL Debentures Ahead

The boards of real estate developer Trisul and residential builder MRV have each approved bond offerings in the local market. MRV plans to sell BRL300m in 2013 bonds paying interest at the DI rate plus a spread of up to 150bp. The sale through Itau, Bradesco and HSBC is the first from a BRL1.3bn program. Trisul is preparing to sell up to BRL200m in 2013 bonds at a rate still to be set, via Bradesco.