Published on 3/14/2019 in the Prospect News Emerging Markets Daily.
New Issue: Banco do Brasil prices $750 million five-year notes to yield 4¾%
By Rebecca Melvin
New York, March 14 – Banco do Brasil SA, acting through its Grand Cayman branch, priced $750 million of five-year senior notes (Ba2/BB-) at par on Wednesday to yield 4¾%, according to a market source.
The notes are part of the bank’s $20 billion senior unsecured euro medium-term note program and were sold via joint bookrunners BB Securities, BNP Paribas, Goldman Sachs, Standard Chartered Bank and Itau Unibanco Holdings.
Banco do Brasil is a lender based in Brasilia, Brazil.
| Issuer: | Banco do Brasil SA Grand Cayman Branch
|
| Issue: | Notes
|
| Amount: | $750 million
|
| Maturity: | March 20, 2024
|
| Bookrunners: | BB Securities, BNP Paribas, Goldman Sachs, Standard Chartered Bank and Itau Unibanco Holdings
|
| Coupon: | 4¾%
|
| Price: | Par
|
| Yield: | 4¾%
|
| Pricing date: | March 13
|
| Settlement date: | March 20
|
| Ratings: | Moody’s: Ba2
|
| S&P: BB-
|
| Distribution: | Rule 144A and Regulation S
|
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