Brazil's ABN Unit Prices BRL86m in RMBS

Brazil's ABN Unit Prices BRL86m in RMBS

Structured Finance

Sudameris, ABN AMRO's Brazilian retail bank, sold Friday BRL86m in 2022 RMBS. The notes which make up the senior tranche came at a fixed 10.31% spread over the floating Taxa Referencial de Juros (TR), the savings deposit interest rate. Guidance ahead of the deal was 10.32% area. On Friday, the TR was at 1.513%. A BRL13m junior tranche is set to be closed today and Sudameris will buy it. Two thirds of the deal, rated AA(br) by Fitch, went to banks, such as Unibanco, while the remainder was bought

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