Brookfield Grows Brazil Debt Issue

Brazilian real estate company Brookfield Incorporacoes says it is upsizing its local debenture issue to BRL366m from BRL300m. The issue will be made in 2 tranches. A 2014 tranche will pay 2.0% over DI and the 2016 tranche will pay a fixed rate of 9.5%, according to the prospectus. Proceeds will be used to pay down debt. Santander is managing the sale rated A+ on a national scale.