Iguatemi Plans Brazil Bond

Iguatemi Empresa de Shopping Centers plans to sell BRL300m in 2016 debentures, it says. The yield will be based on DI, with a spread of up to 1.55%. The bonds amortize equally in the fourth and fifth years. Investor meetings will last until February 4, with closing March 11. Itau is the lead coordinator and BTG Pactual the bookrunner on the deal, which is not yet rated. Proceeds are marked for working capital and possible acquisitions.