Train commuters in Brazil's megalopolis of Sao Paulo will shortly be connected to the country's ever-expanding world of structured finance. A receivable investment fund (FIDC) from Companhia Paulista de Trens Metropolitanos is currently in transit, timed to launch within a month, according to Marcelo Michalua, a director with Rio Bravo Investimentos, the deal's structuring agent.

Banco Bradesco is the trustee and master servicer, while Pinheiro Neto provided legal counsel. Moody's Investors Service has rated the transaction Aa3.br' on the national scale and Ba2' on the local currency, global scale.

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.