BR Distribuidora pumps local bonds

BR Distribuidora pumps local bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Debenture Fixed Income Energy Gas Rule 400 Brazil

Brazil's BR Distribuidora plans to issue BRL1.01bn ($277m) in debentures tied to the sale of BRL750m in agribusiness receivables certificates, or CRAs, through the local securitization firm Cibrasec. Banco do Brasil's investment banking division, BB Banco de Investimento, will lead the CRA, with Bradesco BBI, Itaú BBA, Banco Safra and Santander as the other bookrunners. Cibrasec can increase the CRAs on offer by 20%, while the bookrunners can add up to another 15% according to demand, Cibrasec s

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