AGI unit Agibank raises BRL 2.1B in credit fund issuance
The 132-month offering pays CDI plus 1.05% annually and is backed by INSS payroll loans.
Agibank, a subsidiary of Agi, closed the issuance of Class A quotas of the Fundo de Investimentos em Direitos Creditórios Agibank III Responsabilidade Limitada for a total of BRL 2.1 billion on October 1, 2026. The transaction is aimed at diversifying funding sources and increasing the bank's credit origination capacity.
The issuance was executed in two series with a maturity of 132 months. It pays an interest rate equal to the Brazilian benchmark CDI rate plus 1.05% per year. The closed-end fund is backed by credit rights from Brazilian National Social Security Institute (INSS) payroll-deductible loans, and its quotas received an 'AAA.br' rating from Moody's Local.
Oliveira Trust DTVM administers the structure, while Oliveira Trust Servicer manages it alongside co-manager Agibank Asset Management. The transaction was aimed at professional investors in Brazil through public distribution under automatic registration and private placement.
The completion of this issuance confirms our ability to access different funding sources efficiently and on a recurring basis. The consistency in executing these operations enhances our financial flexibility and strengthens our expansion in a segment where we possess deep expertise, payroll-deductible loans.
Glauber Correa, CEO of Agibank, stated that the transaction represents an essential strategic step in liability management to guarantee predictable and sustainable long-term funding while maintaining discipline and profitability in credit origination.
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