Iguatemi Upsizes Domestic Bond

Brazilian shopping mall operator Iguatemi has upsized a domestic bond sale to BRL450m ($230m), according to offering documents, after getting 3x demand. The sale, originally planned for BRL400m, consists of two tranches. A BRL350m 2020 debenture pays DI+0.82%, and a BRL100m 2021 inflation-linked debenture pays 4.31%. The mall operator is raising funds for investments, including acquisitions. Bradesco, BTG Pactual and Santander are managing.