Itau Succeeds, Bradesco Fails in Global BRL

Nov 17, 2010

Itau has raised BRL500m in a global real-denominated transaction, while Bradesco opted to delay a similar sale. Itau priced its 2015 bond at par with a 10.5% coupon, to yield in line with 10.5% area guidance. The bond traded up 0.50-0.75 points Tuesday afternoon, according to a trader. A...

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