Brazil's DM raises $70M in largest-ever capital markets deal

What's the deal? DM, a Brazilian financial services group focused on credit management, raised R$ 380 million ($70 million) through two new series of Receivables Investment Funds (FIDCs). The simultaneous issuances mark the largest capital markets fundraising in the company's history.

Why now? Demand ran at twice the offered volume, according to the company — a sign of strong investor appetite for the deal.

The signal: FIDCs remain a favoured route for Brazilian credit firms to fund lending, and DM's oversubscribed offering points to continued investor confidence in the country's receivables market.

Read more: valor.globo.com

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