Friday, 21 March 2008

Rossi Residencial SA assured a 200 million real from a Banco Bradesco SA

Rossi Residencial SA, the third largest Brazilian developer, assured a 200 million real ($117 million) standby credit facility from a Banco Bradesco SA unit last week as demand for fixed- income is infirm, investor relations director Sergio Rossi said. The company may gauge ``meticulously'' whether conditions meet to sell as much as 300 million reals of local notes in coming weeks, he said.

Loans ``certainly offer an advantage at this moment of turbulence,'' Rossi said in a Sao Paulo interview.

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