September 10, 2021
Brazilian fuel distribution company Vibra, formerly known as BR Distribuidora, plans to sell BRL800 million ($151 million) worth of debentures to support a deal for real estate receivables certificates, or CRAs, in the local market, according to a securities filing.
Vibra will issue the debentures in a private placement with securitization company Virgo and use the proceeds to buy ethanol. The 10-year notes will pay either 55 basis points over 2030 government bonds or a fixed rate of 4.9%, which
Brazilian fuel distribution company aims to raise $151 mln to buy ethanol from local producers