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Prospect News home > News index > List of issuers Tenders > Headlines for 2021 > News item
Published on 9/13/2021 in the Prospect News Emerging Markets Daily and Prospect News Liability Management Daily.

Banco do Brasil offers to buy $750 million of 2022, 2023, 2024 notes

Chicago, Sept. 13 – Banco do Brasil SA, acting through its Grand Cayman branch, is offering to buy up to $750 million of notes from three series, according to a press release on Monday.

Listed by acceptance priority level, the company is offering to purchase notes from the:

• $1,809,700,000 outstanding 3 7/8% senior notes due 2022 (Cusip: 05958AAJ7) for a total consideration of $1,035.10 per note;

• $750 million outstanding 4 7/8% senior notes due 2023 (Cusips: 05959LAG8, P3772WAJ1) for a total consideration of $1,059.30 per note; and

• $750 million outstanding 4¾% senior notes due 2024 (Cusips: 059578AE4, P1R027AA2) for a total consideration of $1,073.10 per note.

The total considerations are based on $1,000-par notes and an early tender payment of $30 per note.

HSBC Securities (USA) Inc. is the purchaser.

Tenders may be subject to proration.

The offers are subject to the satisfaction of the financing condition.

The early deadline is 5 p.m. ET on Sept. 24. The early deadline is also the withdrawal deadline.

The offer will expire at 11:59 p.m. ET on Oct. 8.

Early settlement is expected one business day after the early deadline, and final settlement is planned for two business days after the final deadline.

The dealer managers for the offer are UBS Securities LLC (888 719-4210, 203 719-4210), BofA Securities, Inc. (888 292-0700, 646 855-8988), Banco BTG Pactual SA – Cayman Branch (212 293-4609, ol-dcm@btgpactual.com), HSBC Securities (USA) Inc. (888 HSBC-4LM, 212 525-5552, lmamericas@us.hsbc.com) and Santander Investment Securities Inc. (212 407-0930, DCMAmericas@santander.us).

The tender and information agent is D.F. King & Co., Inc. (212 269-5550, 800 676-7437, fax: 212 709-3328, bdory@dfking.com).

The government-owned bank is based in Brasilia, Brazil.


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