BTG Pactual taps credit facility from Brazil guarantee fund

viernes 4 de diciembre de 2015 05:27 GYT
 

SAO PAULO Dec 4 (Reuters) - Grupo BTG Pactual SA and Brazil's deposit guarantee fund FGC signed a memorandum of understanding on Friday giving Latin America's largest independent investment bank access to tap 6 billion reais ($1.6 billion) in funding.

In a securities filing, BTG Pactual said the credit line will be backed by an unspecified pool of loans and be available from Friday. A holding company headed by the bank's top seven partners, helped to arrange the financing for BTG Pactual, the filing said.

($1 = 3.7446 Brazilian reais) (Reporting by Guillermo Parra-Bernal. Editing by Jane Merriman)