Rio Previdencia gets strong demand for ABS

Rio Previdencia gets strong demand for ABS

Rio de Janeiro state pension fund, RioPrevidencia, raised $2bn on Thursday through the sale of a 6.25% 2024 securitization that was said to be three times oversubscribed, and a further BRL2.4bn through a placement with two Brazilian banks, sources said. Strong demand led bookrunners BB Securities and BNP Paribas to upsize the deal from initial plans to issue at least $1bn, LatinFinance heard. The dollar tranche was priced at 99.998. The -/BBB-/BBB rated deal follows from a two-team roadshow in t

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