Eco Securitizadora completes multi-tranche CRA

Eco Securitizadora completes multi-tranche CRA

Structured Finance Capital Markets Brazil

Eco Securitizadora de Direitos Creditórios do Agronegócio has completed a multi-tranche agribusiness receivables certificate, or CRA, in Brazil's local marketplace. The entity sold roughly BRL184m ($49m) in CRAs to eligible investors and split the offering between a BRL22.38m December 2019 series, a BRL32m June 2022 portion, a BRL15m June 2019 tranche and a BRL114.76m February 2022 effort. Eco's February 2022s were offered in sub-sets that priced at 2% of the DI and 1% of the DI, while the June

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