Agibank has raised BRL2bn ($359mn) through its first Credit Rights Investment Fund (FIDC), backed by payroll-deductible loan receivables, Startupi reported.
The issuance, which attracted demand three times higher than the offer, is part of Agibank’s strategy to diversify funding sources. Santander led the deal, with Itaú BBA as co-coordinator.
The fund received an ‘AAA.br’ rating from Moody’s Local. “This issuance opens a new front in our funding plan, with an instrument that combines efficiency, market depth and predictability,” said Marcello Dubeux, Director of Treasury and Investor Relations at Agibank.
Proceeds will be used to support new credit operations. The fund has a term of up to 10 years and complements other instruments previously used by the bank, such as securitised debentures.
Agibank holds a loan portfolio of BRL30bn, which grew 52% over the past year. In Q1 2025, the bank reported net profit of BRL350.5mn, return on average equity (ROAE) of 45.2%, and a coverage ratio above 225%.
Its institutional credit rating was upgraded to ‘AA-.br’ by Moody’s Local in April.
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