By Paul A. Harris
St. Louis, Sept. 28 - Banco Bradesco SA priced $750 million of 6¾% 10-year tier 2 subordinated notes (expected Baa3//confirmed BBB), according to a Monday news release.
HSBC and Bradesco BBI were the bookrunners.
Proceeds will be used for general corporate purposes.
Bradesco is a private bank based in Osasco, Brazil.
| Issuer: | Banco Bradesco SA (Grand Cayman branch)
|
| Amount: | $750 million
|
| Maturity: | 2019
|
| Security description: | Subordinated notes
|
| Bookrunners: | HSBC, Bradesco BBI
|
| Coupon: | 6¾%
|
| Settlement date: | Sept. 28
|
| Ratings: | Moody's: Baa3 (expected)
|
| Standard & Poor's: BBB
|
| Distribution: | Rule 144A/Regulation S
|
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