06 Oct 2016
Exact Brazil launches new capital raise
Deadline set for the 26th of October
With currently 140 million DKK of equity invested in the development of housing and commercial real estate in the Northeast part of Brazil, Exact Brazil has launched a new 30-50 million DKK capital raise to finish existing projects. The round is closed-end with the deadline set for the 26th of October.
The board has approved the offering of a preferred stock class (B-aktier) with a 12% return per year. The new shares hold a preferred status over common stock from 2019-2023.
Currency risk is limited to the company, as the payments to investors will no longer be carried in the Brazilian Currency, but in Danish Kroner, limiting the risk of loss during the currency rate conversion.
For more information, contact us at:+45 70228777