Opea raises $31.9M in debenture issue advised by Stocche Forbes

What's the deal? Opea SecuritizadoraDealroom has a profile for this one. Try Dealroom → raised US$40.7M (around $31.9 million) through the public offering of its 57th debenture issuance, placed in a single series. Ativa InvestimentosDealroom has a profile for this one. Try Dealroom → acted as lead underwriter, while law firm Stocche ForbesDealroom has a profile for this one. Try Dealroom → advised on the transaction.

How it's structured: The debentures are backed by credit rights owed by Trivia TrensDealroom has a profile for this one. Try Dealroom →. The offering was structured under Resolution No. 160 of the Brazilian Securities Commission (CVM) and was not subject to confidentiality restrictions.

Who advised: Stocche Forbes Advogados provided legal counsel to both the issuer and the underwriter, through a team led by partner Eduardo Pereira Diniz and associate Isis Larissa Donato. Letícia Faria served as in-house counsel for OpeaDealroom has a profile for this one. Try Dealroom →, and Luiz Felipe de Azambuja Duarte for Ativa Investimentos.

The signal: Securitisation vehicles like Opea channel credit rights into tradable debt instruments, and this issuance reflects continued use of Brazil's CVM Resolution No. 160 framework to bring structured offerings to market.

Read more: thelatinamericanlawyer.com

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