Brazilians Target Infrastructure FIDC

Brazilians Target Infrastructure FIDC

Brazil Bonds Structured Finance

Banco Votorantim and asset manager Highland Brasilinvest are preparing a BRL300m ($131m) securitization of infrastructure project debt using the Fundo de Investimento em Diretos Creditorios (FIDC) format, according to CVM filings. The FIDC BB Votorantim Highland Infraestrutura will focus on credit eligible under Brazil’s infrastructure debenture law, though will not be limited to public securities. The 15-year fund is to be comprised of a BRL268m senior tranche and BRL31m mezzanine tranche, and

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