A $100 million wrapped deal originated by Brazil's Unibanco priced at 45 basis points over three-month Libor, according to well-placed sources. Nomura Securities and Barclays Capital jointly led the transaction, which is backed by diversified payment rights and has a legal final maturity of seven years and an average life of 5.03 years.

Standard & Poor's and Fitch Ratings have released ratings of triple-A, thanks to the surety, courtesy of MBIA.

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