New Issue: Banco do Brasil sells $1.5 billion 5 7/8% notes due 2022 at 287.5 bps over Treasuries

By Christine Van Dusen

Atlanta, May 20 - Brazil's Banco do Brasil SA priced $1.5 billion 5 7/8% notes due Jan. 26, 2022 (Baa2) at 98.695 to yield Treasuries plus 287.5 basis points, a market source said.

BB Securities, Bank of America Merrill Lynch, BNP Paribas, Banco Votorantim and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal.

Proceeds will be used for general corporate purposes.

Banco do Brasil is a lender based in Brasilia, Brazil.

Issuer:	Banco do Brasil SA
Amount:	$1.5 billion
Maturity:	Jan. 26, 2022
Description:	Notes
Bookrunners:	BB Securities, Bank of America Merrill Lynch, BNP Paribas, Banco Votorantim, JPMorgan
Coupon:	5 7/8%
Price:	98.695
Spread:	Treasuries plus 287.5 bps
Trade date:	May 19
Settlement date:	May 26
Rating:	Moody's: Baa2
Distribution:	Rule 144A and Regulation S

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