Monthly Archives: December 2012

Locals making life tough for foreign PE firms

Itaú’s asset management firm Kinea has raised more than R$1 billion for a new private equity fund, at a time when questions are being asked about the viability of large foreign PE firms operating in Brazil. Kinea has announced its … Continue reading

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Underwriter predicts Cielo’s record low pricing will be beaten soon

Cielo, a Brazilian card-payment processor, created a new record low-yield for a Brazilian corporate issuer of 10-year debt. The $875 million transaction was rated BBB+/Baa2 and priced at 99.316 with a 3.750% coupon to yield 3.833% or US treasuries plus … Continue reading

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