Transtrade Consultoria

Transtrade Overseas, Ltd.

www.transtrade.srv.br

Starting in 1991, TRANSTRADE performed financial engineering projects involving the rescheduling of Brazilian public debt due to the Group and third parties, adopting ingenious and non-orthodox solutions to overcome the lack of financial resources that the Government was facing in those days.

The swap of public debt against bonds issued by the Treasury, which could be used in the Brazilian privatization program, was initiated in 1992 and the first ever recorded transaction of this kind was effected by TRANSTRADE, resulting in the bond named JUST920116.

As a result of other projects of the kind, in 1996, upon its privatization, about 3% of the stocks of the power company Light Serviços de Eletricidade were purchased by our affiliated company  International Brazil Export, using Treasury Bonds received in exchange of public debt. Such stocks were further sold to the Group detaining the stock control of the power company.

Financial Engineering

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