Cyrela Commercial Plots Debentures

Brazil’s Cyrela Commercial Property plans to raise BRL150m ($74m) through the sale of domestic bonds, it says. The developer’s 2018 debenture would pay DI plus up to 1.0%, and amortize in two parts during the final two years. Proceeds are for working capital. Banco do Brasil is managing the sale, done under the rule 476 restricted format.