Voto Unit Closes FIDC

BV Financeira, a financing unit of Grupo Votorantim, has raised BRL2bn using the FIDC ABS structure. BV Financeira FIDC IV is backed by a pool of vehicle loans originated by BV Financeira and priced at par with a coupon at 110% of the DI benchmark, which stood at 10.63% yesterday, with a tenor of 3 years. Banco Votorantim managed the transaction, rated Aa1 on a national scale.