Vibra arranges CRA deal

Vibra arranges CRA deal

Debenture Debt Capital Markets Energy Brazil

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

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