MercadoLibre Raises $193 Million in Sale of Brazil Real Estate Bonds
A worker takes a break at the MercadoLibre fulfillment center on Black Friday in Sao Paulo, Brazil, on Friday, Nov. 26, 2021.
Photographer: Jonne Roriz/BloombergThis article is for subscribers only.
Latin American e-commerce retailer and fintech provider MercadoLibre Inc. has tapped Brazil’s local debt market as it seeks to fund its largest investment plan for the nation yet.
The firm raised 1 billion reais ($193 million) in local bonds that are backed by real-estate receivables known locally as CRIs, according to a statement. The transaction was led by Banco Itau BBA SA, Bradesco BBI SA and Banco Safra SA.