Bradesco Wraps Up MT100

Bradesco Wraps Up MT100

Structured Finance

Brazil’s Banco Bradesco has secured $100m through a securitization of future diversified payment rights from its international electronic transactions, commonly known as MT100 or DPR securitizations. The 2015 notes were placed with a single investor, according to officials managing the sale who decline to disclose the price. Discussions had been heard at Libor plus 200bp-300bp. S&P gives the notes an A rating. WestLB managed the transaction. Meanwhile, Peru’s Interbank is set in the next

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