The approx R$30 million deal was an issuance of Certificados de Recebíveis Imobiliários (CRI) backed by receivables from several real estate purchase and sale agreements related to a beach resort in the city of Aquiraz, State of Ceará, which closed in the end of 2011. The transaction was secured by a guarantee given by Aquiraz. The deal was structured to refinance an existing CRI issue with the same originator. The deal was structured as a private offering of the CRI with a full security package.

The R$65 million deal was also an issuance of Certificados de Recebíveis Imobiliários (CRI), backed by receivables from two lease agreements which had as tenant Editora Globo S.A. The deal closed in the beginning of January 2012. The transaction was fully guaranteed by the Globo and the CRI were offered publicly pursuant to CVM regulation applicable to public offerings with restricted selling efforts (CVM Rule 476).