Petrobras CRI Meets Investors

Petrobras CRI Meets Investors

Brazil Bonds Structured Finance

Petrobras has started marketing a BRL500m ($228m) Certificados de Recibiveis Imobiliarios (CRI) securitization, according to regulatory documents. The sale includes a 2025 tranche expected to pay an interest rate equal to that of the NTN-B bond at the time of pricing plus up to 30bp, a 2028 tranche paying NTN-B plus up to 40bp and a 2031 tranche offering the NTN-B plus up to 50bp. The underlying assets are leasing contracts for the future administrative headquarters in the cities of Santos and V

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