By Aaron Hochman-Zimmerman
New York, April 25 - Banco Cruzeiro do Sul SA (Ba1) priced $110 million of two-year bonds at 99.772 to yield 7½% with a coupon of 7 3/8%, according to a source close to the deal.
The yield matched talk for a yield of 7½%.
BCP Securities and UBS acted as bookrunners for the Regulation S only deal.
The bonds will be issued from the bank's short-term note program.
Banco Cruzeiro is a Sao Paulo, Brazil-based retail and commercial bank.
| Issuer: | Banco Cruzeiro do Sul SA
|
| Amount: | $110 million
|
| Issue: | Bonds
|
| Maturity: | April 30, 2010
|
| Coupon: | 7 3/8%
|
| Price: | 99.772
|
| Yield: | 7½%
|
| Bookrunners: | BCP Securities, UBS
|
| Pricing date: | April 25
|
| Settlement date: | April 30
|
| Distribution: | Regulation S
|
| Ratings: | Moody's: Ba1
|
| Price talk: | 7½%
|
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