Fitch rates Banco do Brasil notes BBB

Fitch Ratings said it assigned an expected long-term foreign currency rating of BBB(EXP) to Banco do Brasil SA's proposed CHF 200 million senior unsecured notes due June 2019.

The fixed-rate bond will be issued by Banco do Brasil, acting through its Grand Cayman branch under its $5 billion medium-term notes program.

The minimum expected amount is CHF 200 million ($220.4 million) with a 51/2-year of tenor maturing June 2019. The final amount and interest will be defined upon book building.

Proceeds will be used for general corporate purposes.

Fitch said the expected rating on the notes corresponds to Banco do Brasil's long-term foreign currency issuer default rating (BBB; stable) and ranks equal to its other senior unsecured debt.

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