BdB Upsizes Tier 2
In what is turning out to be a decent week for debt issuance, Banco do Brasil (BdB) has raised $750m in subordinated Tier 2 bonds, taking advantage of a window ahead of a possible volatility in the market. The issuer upsized from a benchmark size after getting $2bn in demand for a deal thought to be motivated by reverse inquiry. The state-controlled...
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