By Christine Van Dusen
Atlanta, March 19 - Banco do Brasil SA priced a €300 million tap of its 3¾% notes due July 25, 2018 (expected ratings: Baa2/BBB/BBB) at 102.304 to yield 3.169% on Wednesday, a market source said.
BB Securities, Bradesco BBI, Deutsche Bank, HSBC, JPMorgan and Santander were the bookrunners for the Rule 144A and Regulation S deal.
The proceeds will be used for general corporate purposes.
The original €700 million notes priced in July at 99.442 to yield 3 7/8%, or mid-swaps plus 283.9 bps.
Banco do Brasil is a lender based in Brasilia, Brazil.
| Issuer: | Banco do Brasil SA
|
| Amount: | €300 million
|
| Maturity: | July 25, 2018
|
| Description: | Notes
|
| Bookrunners: | BB Securities, Bradesco BBI, Deutsche Bank, HSBC, JPMorgan, Santander
|
| Coupon: | 3¾%
|
| Price: | 102.304
|
| Yield: | 3.169%
|
| Spread: | 230 bps
|
| Price talk: | Mid-swaps plus 235 bps area
|
| Trade date: | March 19
|
| Settlement date: | March 25
|
| Expected ratings: | Moody's: Ba2
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Rule 144A and Regulation S
|
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