Creating and distributing additional copies is prohibited without the permission of the publisher. Contact subscriptions@latinfinance.com.

BNDES Sacrifices Size for Pricing

Jun 23, 2011

Brazilian development bank BNDES was thought to have sacrificed size for tighter pricing Wednesday after it printed a CHF200m ($239m) 5-year bond at 99.674 to yield 2.818%, or mid-swaps plus 140bp, in-line with guidance. Size came lower than the CHF250m some investors were hearing during roadshows last week, but the borrower was seen satisfied with the comparatively attractive spread and happy to...

To continue reading please take a free trial, subscribe or login below.


Already have an account?

Subscribe

Subscribe now for unlimited access to all current and archive news, data and market analysis. 

Subscribe

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial



LatinFinance Events

Poll

Are populist governments like Venezuela & Argentina turning pragmatic?

Vote