Monsanto Sprouts Brazil FIDC

Agricultural company Monsanto is preparing to raise BRL180m through a structured finance transaction using Brazil’s FIDC structure. The US-based global producer is marketing a 10-year FIDC paying interest at the DI rate plus a spread to be determined through the bookbuilding process, set to begin December 16. The assets backing the deal are trade receivables originated by the Monsanto do Brasil unit through the sale of seeds and chemicals to Brazilian agribusiness clients. A roadshow launched Tuesday and will wrap up Friday. Santander is coordinating the transaction.