Creating and distributing additional copies is prohibited without the permission of the publisher. Contact

Cielo Makes DCM Debut

Nov 12, 2012

Brazilian credit card payment processor Cielo has raised $875m in the debt capital markets, in a sale that saw the low yield and high demand that has become commonplace this year among LatAm’s blue chip issuers. Orders for the 2022 bond were heard reaching $6.5bn, with investors drawn to a BBB+/Baa2 rating, strong market share, and part ownership by Banco do Brasil (28.65%) and Bradesco (28.65%), to generate interest at initial mid UST+200bp-area whispers, before bringing pricing...

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

Already have an account?


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


Free trial

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

Free Trial

LatinFinance Events


Will ABS become more interesting for LatAm borrowers as US monetary policy normalizes?


Printing isn't available for this page.