Brazil Corporate Debt Fund to Raise $1.67 Billion, Valor Says

Brazil Corporate Debt Fund to Raise $1.67 Billion, Valor Says - Bloomberg.com:

By Camila Fontana

Oct. 30 (Bloomberg) -- Credit Suisse Group AG and Banco Santander SA’s Brazilian units together launched a corporate debt fund aiming to raise as much as 2.9 billion reais ($1.67 billion), Valor Economico reported, citing an interview with Jean-Pierre Cote Gil, the Standard & Poor’s executive in charge of rating the fund’s shares.

The minimum investment in the fund is 1 million reais, and companies will be able to borrow up to 350 million reais, the Sao Paulo-based newspaper reported.

To contact the reporter on this story: Camila Fontana Correa in Sao Paulo at cfontana@bloomberg.net.
Last Updated: October 30, 2009 06:51 EDT"