New Issue: Banco do Brasil prices $1.75 billion 3 7/8% notes due 2022 to yield 4%

By Christine Van Dusen

Atlanta, Oct. 2 - Banco do Brasil SA priced a $1.75 billion issue of 3 7/8% notes due Oct. 10, 2022 (Baa1/BBB/) at 98.978 to yield 4%, a market source said.

The notes were talked at a yield in the 4 3/8% area.

BB Securities, BNP Paribas, Bradesco BBI, BTG Pactual, Citigroup and JPMorgan were the bookrunners for the Securities and Exchange Commission-registered deal.

Proceeds will be used for general banking purposes.

The lender is based in Brasilia, Brazil.

Issuer:	Banco do Brasil SA
Amount:	$1.75 billion
Maturity:	Oct. 10, 2022
Description:	Senior notes
Bookrunners:	BB Securities, BNP Paribas, Bradesco BBI, BTG Pactual, Citigroup, JPMorgan
Coupon:	3 7/8%
Price:	98.978
Yield:	4%
Trade date:	Oct. 2
Settlement date:	Oct. 10
Ratings:	Moody's: Baa1
	Standard & Poor's: BBB
Distribution:	Securities and Exchange Commission registered
Price talk:	4 3/8% area

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