Motorola Brasil is one of many companies launching asset-backed securitization deals in Brazil using the asset-backed securitization fund structure. The Brazilian ABS fund, or Fundo de Investimento em Direitos Creditórios (FIDC) is growing in popularity as it enables companies to improve their debt situation by reducing the cost of funding and lengthening tenors. Many firms are looking to lock in longer-term funding such as this in the run-up to Brazilian presidential elections next October.
Motorola’s Brazilian subsidiary launched a R$538 million ($245 million) three-year FIDC in November.
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