Banco Fibra Files IPO

Mid-sized Brazilian bank Banco Fibra has filed to list on the Bovespa. The shares will be listed in Brazil and sold to foreign buyers in the 144a market in the US. The IFC invested $20 million in June to take a 7.9% stake in the bank, which is owned by Brazilian steel conglomerate CSN. Fibra will be the seventh Brazilian bank to list locally this year. Credit Suisse and Itaú BBA are leading. Credit Suisse is also heard to be bookrunner on two other IPOs filed with the CVM last week, real estate firm Mora Dubeux Engenharia and meat, dairy and vegetable producer Eleva Alimentos.