Santander Brasil Closes DPR Deal

Santander Brasil Closes DPR Deal

Structured Finance

Santander Brasil has closed a $250m 2016 securitization of diversified payment rights (DPR), according to sources familiar with the matter. The private transaction pays a spread over Libor, which the company and the banks involved declined to disclose, or did not return requests for comment. Sumitomo Mitsui and WestLB managed the sale, and are understood to have bought the transaction. The deal is a securitization of existing and future dollar and euro-denominated DPRs originated by Santander, w

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