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Bonds News

Brazil's Cetip IPO raises 881.4 mln reais - filing

SAO PAULO, Oct 26 (Reuters) - Brazil's Cetip CTIP3.SA, Latin America's largest clearing house, priced shares of its initial public offering on Monday at 13 reais each, the low end of the expected range.

The company, formally known as Cetip SA Balcao Organizado de Ativos e Derivativos, said its shareholders sold 67.8 million common shares, raising 881.4 million reais ($508.01 million) in the stock offering. ($1=1.735) (Reporting by Ana Nicolaci da Costa; writing by Elzio Barreto; editing by Andre Grenon)

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