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Omni Brasil: Microfinance Domestic Bond in Brazil

Sector: Financial Institutions • Location: Brazil

Source: Inter-American Development Bank (IADB)

Project
In Implementation

This transaction consists of the purchase of a series of R$200 million (~US$38 million), within the public issue of Letras Financeiras thatOMNI S.A. Crédito, Financiamento e Investimento(“Omni”) offered to the market for R$500 million (~US$95 million), the remaining R$300 million of which were distributed among Brazilian investors. The average term of the IDB Invest series will be 3.25 years, whil

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The project “Omni Brasil: Microfinance Domestic Bond in Brazil” is an infrastructure initiative in the Financial Institutions sector, located in Brazil. Taiyo aggregates data on it from Inter-American Development Bank (IADB).

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Participants

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Status

Original status

in implementation

Taiyo status

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Contact

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Email

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Description

Description

This transaction consists of the purchase of a series of R$200 million (~US$38 million), within the public issue of Letras Financeiras thatOMNI S.A. Crédito, Financiamento e Investimento(“Omni”) offered to the market for R$500 million (~US$95 million), the remaining R$300 million of which were distributed among Brazilian investors. The average term of the IDB Invest series will be 3.25 years, while the term of the retail series will be two years.The resources will be used to finance credits granted by Omni in projects aimed at the low-income population, which are self-employed drivers who seek to finance a vehicle as a productive asset.

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Original Currency

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Original budget

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

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