‘Farmpalooza' Aims to Renew Allure of Brazil Agriculture Funding [BNN Bloomberg (Canada)]
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XP Inc. - Class A (XP)
Company Research
Source: BNN Bloomberg
The market for the so-called Fiagros, investment funds focused on agricultural receivables such as interest, dividends and land-lease payments, is set to stall this year after a wave of farmer defaults sparked uncertainty. That's according to a top executive at XP Inc., the South American nation's largest brokerage firm, which just threw an event gathering thousands in Brazil's biggest city to reassure investors of the agribusiness sector's strength. “This is a year in which we're practically going to move sideways in terms of growth,” XP head of agribusiness Pedro Freitas said of issuances of Fiagros, which were introduced in 2021 and had roughly 36 billion reais ($6.4 billion) in assets under management as of May. “Fiagro managers need to show their ability to face this moment.” Net inflows into Fiagros have plunged 66% from a year ago so far in 2024, according to industry group Anbima. Retail investors have become more cautious about their exposure to agriculture as tumbling c
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XP
News
- ‘Farmpalooza' Aims to Renew Allure of Brazil Agriculture Funding [Yahoo! Finance]Yahoo! Finance
- XP Inc. Announces Pricing of Senior Notes OfferingBusiness Wire
- XP INC. ANNOUNCES TENDER RESULTS AND EXPIRATION TIME OF CASH TENDER OFFER FOR ANY AND ALL OF THE OUTSTANDING U.S.$736,435,000 AGGREGATE PRINCIPAL AMOUNT OF 3.250% SENIOR UNSECURED NOTES DUE 2026 (CUSIP NOS. 98379X AA2/G98239 AA7)PR Newswire
- XP INC. ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER FOR ANY AND ALL OF THE OUTSTANDING U.S.$736,435,000 AGGREGATE PRINCIPAL AMOUNT OF 3.250% SENIOR UNSECURED NOTES DUE 2026 (CUSIP NOS. 98379X AA2/G98239 AA7) [Yahoo! Finance]Yahoo! Finance
- XP INC. ANNOUNCES COMMENCEMENT OF CASH TENDER OFFER FOR ANY AND ALL OF THE OUTSTANDING U.S.$736,435,000 AGGREGATE PRINCIPAL AMOUNT OF 3.250% SENIOR UNSECURED NOTES DUE 2026 (CUSIP NOS. 98379X AA2/G98239 AA7)PR Newswire
XP
Earnings
- 5/21/24 - Beat
XP
Sec Filings
- 7/1/24 - Form 6-K
- 6/20/24 - Form 6-K
- 5/24/24 - Form 6-K
- XP's page on the SEC website