By Christine Van Dusen
Atlanta, July 8 - Brazil priced a $50 million add-on to its existing 4 7/8% notes due Jan. 22, 2021 (Baa2/BBB-/BBB) at 105.348 to yield 4.188%, or Treasuries plus 105 basis points, a market source said.
This followed Thursday's pricing of a $500 million tap at the same price and yield.
Goldman Sachs and Santander were the bookrunners for the Securities and Exchange Commission-registered notes, which include a make-whole call at Treasuries plus 25 bps.
The issue now totals $2.162 billion.
| Issuer: | Brazil
|
| Amount: | $50 million
|
| Maturity: | Jan. 22, 2021
|
| Description: | Notes
|
| Bookrunners: | Goldman Sachs, Santander
|
| Coupon: | 4 7/8%
|
| Price: | 105.348
|
| Yield: | 4.188%
|
| Spread: | Treasuries plus 105 bps
|
| Call features: | Make-whole call at Treasuries plus 25 bps
|
| Trade date: | July 7
|
| Settlement date: | July 14
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB-
|
| Fitch: BBB
|
| Distribution: | Securities and Exchange Commission registered
|
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