Brazil preps for dollar-denominated CRAs

Brazil preps for dollar-denominated CRAs

Brazil Bonds Funds

Brazil's agribusinesses will look to dollar-denominated receivables certificates, or CRAs, in the second half of the year.The government approved the sale of CRAs in foreign currencies in 2015, but no producer has issued the asset-backed securities in anything but reais in the local market.Local investment firm FARM Investimentos has held talks with agricultural producers in Brazil and could sell $100m to $200m in CRAs from 150 to 200 midsize farmers in the second half of the year, founder Rafae

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial