August 14, 2019 |
Brazil's Rebel said it has raised BRL167m ($42.2m) from the sale of debentures, 10 times more than the BRL16.6m that it issued near the end of last year.
Vert Capital arranged the deal, backed by Rebel's loan portfolio, and priced the new notes at 575bp over the DI interbank lending rate, down from 600bp in Rebel's first debenture sale in 2018, the financial technology firm said in a statement. The buyers included XP Investimentos and Franklin Templeton, among others, Rebel added.
"The size of
Financial technology firms gets $42m from its second debenture deal in 10 months