Santander Brasil to Close Financing Today

Santander Brasil to Close Financing Today

Brazil Bonds Structured Finance

Santander Brasil, through a special purpose vehicle backed by future USD and EUR cash flows generated by its electronic remittance business, will today close a dual tranche $250m private placement, according to market participants. The first tranche is a 5-year $150m loan provided by SMBC and a 7-year fixed rate bond. Pension funds and institutional investors will likely be the main buyers, says a banker with knowledge of the transaction. SMBC Nikko Securities, a subsidiary of SMBC, was the arra

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