Demarest advises Brasilprev on BRL 550 million debenture issue

Demarest advised Brasilprev Seguros E Previdencia S/a in the issue of debentures totaling BRL 550 million

This is the first subordinated debt issue by a company in the brazilian insurance, reinsurance, pensions and capitalization market, as permitted by the new regulations issued – Resolution CNSP No. 391/2020.
Brasilprev Seguros E Previdência S.A issued debentures, not convertible into shares, in a single series, of the subordinated type, for public distribution with restricted distribution efforts. The issue was mainly coordinated by UBS Brasil Corretora De Câmbio, Títulos e Valores Mobiliários S.A. and raised 550 million reais.
The funds raised were used to cover the minimum capital requirement.

Demarest partners who participated in the deal were André Alarcon (pictured top left), Fábio Braga (pictured top centre), Thiago Giantomassi (pictured top right), Luciana Dias Prado (pictured bottom left), Helen Naves (pictured bottom right),  along with associates Fausto Muniz Miyazato Teixeira, Lucas Lopes Parra, Caroline Marini.