Iron-ore pellet exporter, Sam Marco, might end the long drought of Brazilian securitizations, in a deal rumored to be for around $150 million. BNP Paribas will be the arranger and Duff & Phelps Credit Rating Co. will rate the transaction BBB-minus.

Sam Marco first approached the ABS market in 1996 and is now seeking to refinance some of its debt. Though the deal is good news for the Brazilian market it might not mark the beginning of a wave of deals for the country.

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