Vinci Brings Infrastructure Credit FIDC

Vinci Brings Infrastructure Credit FIDC

Structured Finance

Vinci Partners has created a BRL2bn FIDC to lend to companies in the infrastructure sector, according to regulatory documents. In the 10-year deal, holders in the BRL1.5bn senior tranche will be paid interest at the ICPA inflation rate plus 8.0%, while holders of a BRL350m mezzanine piece will receive the ICPA rate, plus split returns with the administrator, who holds a BRL150m subordinated piece. Vinci, a Sao Paulo-based fund manager set up by former managers of Pactual Capital Partners, plans

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