Banco do Brasil tightens talk for perpetual dollar bonds to 9% area

By Aleesia Forni

Virginia Beach, June 11 – Banco do Brasil SA set price talk for a planned benchmark dollar-denominated issue of perpetual tier 1 notes (expected ratings: Ba3/B+/) at 9%, according to market sources.

Talk tightened from earlier guidance, which was set in the area of 9% to 9¼%.

The bookrunners for the Rule 144A and Regulation S deal are BB Securities, BNP Paribas, Citigroup, HSBC, JPMorgan and Standard Chartered Bank.

Proceeds will be used for general corporate purposes.

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

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