LOG Commercial Properties board approves BRL 300 million private commercial note issue
BSBR•LOG Commercial Properties will privately issue BRL 300 million in commercial notes to Banco Santander (Brasil), maturing in one year. The notes carry remuneration of 100% of accumulated average daily CDI rates plus 0.64% annually, and BRL 46 million in collateral.
1. Note issue terms
LOG Commercial Properties’ board unanimously approved the fundraising transaction at its October 22, 2026 meeting. The company will privately issue BRL 300 million in commercial notes to Banco Santander (Brasil), with principal and remuneration payable in a single installment at maturity in one year.
2. Remuneration and collateral
The notes will pay 100% of accumulated average daily CDI rates plus 0.64% per annum. Collateral will total BRL 46 million, comprising real estate fund quotas, supplemented by bank certificates of deposit if necessary.
