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Brazil's ISEC Securitizadora issues 90M reais of certificates

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Brazil's ISEC Securitizadora issues 90M reais of certificates

Brazil-based ISEC Securitizadora SA said it has issued, through a public offering, 90 million Brazilian reais worth of certificates of book-entry, agribusiness receivables, also known as CRAs.

The issuance includes 90,000 CRAs each having a par value of 1,000 reais and a term of three years.

XP Investimentos Corretora de CTVM serves as the lead intermediary institution for the offering.

As of Oct. 6, US$1 was equivalent of 3.17 Brazilian reais.