By Aaron Hochman-Zimmerman
New York, Dec. 4 - Banco Cruzeiro do Sul SA priced $30 million of 30-month notes (Ba1) at 99.45 with a coupon of 7½% to yield 7¾%, according to a market source.
BCP Securities was the bookrunner for the deal which priced in line with talk.
Banco Cruzeiro is a Sao Paulo, Brazil-based commercial and retail lender.
| Issuer: | Banco Cruzeiro do Sul SA
|
| Amount: | $30 million
|
| Issue: | 30-month notes
|
| Maturity: | 2010
|
| Coupon: | 7½%
|
| Price: | 99.45
|
| Yield: | 7¾%
|
| Bookrunner: | BCP Securities
|
| Pricing date: | Dec. 3
|
| Rating: | Moody's: Ba1
|
| Price talk: | 7¾%
|
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