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Itau uses part of $345 million DPR to retire older securitization

Brazil's Banco Itau closed a $345 million deal backed by diversified payment rights (DPRs) on June 30. Proceeds went, at least in part, to prepay an existing series off the bank's securitization program, according to Monica Arruda, a senior manager at ITAU.

A seven-year, $200 million tranche wrapped by...

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