This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

INTL FCStone Subsidiary Arranges R$30.6 Million Local Securitization For Brazilian Subsidiary Of Ecom Agroindustrial

NEW YORK, March 6, 2014 (GLOBE NEWSWIRE) -- INTL FCStone Inc. (Nasdaq:INTL) today announced that the investment banking division of its wholly owned subsidiary, INTL FCStone do Brasil., arranged for their customer, the Brazilian subsidiary of Ecom Agroindustrial, EISA Interagrícola, the global commodity trading and processing company, the successful raising of a R$ 30.6 million local receivables securitization transaction known as CRA (Certificado de Recebíveis do Agronegócio).

INTL FCStone served as the mandated lead arranger. GAIA Agro was the securitization agent and Banco Fator served as the lead coordinator. The transaction was sold among Banco Fator's private banking clients, who took advantage of tax benefits on this particular structure, having as the underlying transaction agribusiness producer pre-crop receivables between EISA and its customers (coffee and cotton farmers).

Steve Carlson, President, Head of Investment Banking for INTL FCStone Securities Inc., said, "We're pleased that our colleagues at our Brazilian affiliate were able to put this deal together for EISA. It is going to position them to aggressively meet the needs of their customers by allowing them to provide them with a much cheaper source of financing for their operations."

Fabio Solferini, CEO of INTL FCStone do Brasil, said, "This is the kind of transaction that showcases the breadth of services offered by INTL FCStone. This transaction adds a tremendous amount of value to our existing customers."

"Among the participants in this transaction are more than 80 individual farmers and cooperatives. We are delighted to be part of this unprecedented transaction in the Brazilian market." said Ana Firmato, Managing Director in Brazil for INTL FCStone do Brasil.

Carlos Santana Jr., Commercial Director of Interagrícola, said, "This transaction allows us a great deal of flexibility in the way that we conduct our operations and opens tremendous new opportunities for us as we seek to serve our customers. Being able to depend on INTL FCStone's experience and expertise proved to be an invaluable resource throughout the process."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs