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