News: Banco Pine SA (PINE4.SA)

PINE4.SA on Sao Paolo Stock Exchange

11 Jul 2014
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Fri, Jun 27 2014

Fitch Expects to Rate Banco Pine S.A.'s BRL250MM Issuance of Letras Financeiras 'AA-(bra)'

(The following statement was released by the rating agency) SAO PAULO, June 27 (Fitch) Fitch Ratings expects to assign Banco Pine S.A.'s (Pine) upcoming issue of Brazilian Real denominated (BRL) Letras Financeiras a National Long-Term rating of 'AA-(bra)'. The amount of the issuance will be up to BRL 250 million. They will be sold in a single series with a 2 years tenor and interest and principal will be paid at maturity. The interest rate will be 119% over the DI (Depositos Interfinanceiro

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