Bonsucesso Upsizes FIDC

Brazil’s Banco Bonsucesso has upsized a local asset-backed transaction to BRL315m ($176m) from BRL250m. The 2017 deal backed by credit receivables using the FIDC structure pays 8.5% and is adjusted for inflation. The fund created in the deal is administered and structured by Bradesco. BTG Pactual managed the transaction, rated AAA on a national scale.