Banco ABC Brasil tenders for $344.4 million of 7 7/8% notes due 2020

By Susanna Moon

Chicago, March 8 – Banco ABC Brasil SA said it is tendering for any and all of its $344,418,000 principal amount of outstanding 7 7/8% subordinated notes due 2020.

The purchase price will be $1,100 for each $1,000 principal amount plus accrued interest, according to a company notice.

The tender offer will end at 5 p.m. ET on March 16, with settlement set for March 21. Tendered notes may be withdrawn before the end of the offer.

D. F. King & Co., Inc. (212 269-5550, 877 536-1561, fax 212 709-3328 or bancoabc@dfking.com) is the tender agent and information agent. HSBC Securities (USA) Inc. (888 HSBC-4LM or 212 525-5552), Itau BBA USA Securities, Inc. (888 770-4828) and Santander Investment Securities Inc. (liabilitymanagement@santander.us, 855 404-3636, 212 940-1442 or dfking.com/bancoabc) are the dealer managers.

Banco ABC is a bank based in Sao Paulo.

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