November 8, 2011
Brazils Dibens Leasing, a unit of Itau, is preparing an up to BRL20bn
Brazil’s Dibens Leasing, a unit of Itau, is preparing an up to BRL20bn ($11.43bn) fundraising transaction to support its leasing operations, according to regulatory documents. To be structured as a debenture and issued off a BRL50bn shelf, the 20-year deal is expected to be sold to lead manager Itau. The transaction will pay a spread to the DI rate, and is slated to close in January. Itau officials did not respond to requests for comment.