Trisul Completes BRL200m Debenture Sale

Brazilian developer Trisul’s has completed the sale of BRL200m in 2013 debentures, its first issue in that market. The notes, rated A on a national scale, pay DI plus 2.5%. The developer, formed from the merger of real estate companies Tricury and Incosul, plans to use proceeds to acquire new property and for working capital. Bradesco managed the transaction, with Banco ABC, HSBC, Banif, Banco Votorantim, Unibanco and Sofisa as co-managers.