ABC Wades Into BRL Pool

Mar 25, 2013

Banco ABC Brasil has priced a BRL250m ($124m) global-BRL bond, receiving about 2x demand in its first-ever cross-border real-denominated sale. The Baa3/BBB minus senior unsecured 2016 notes priced at par with an 8.5% coupon, in line with 8.5%-area guidance and earlier mid-to-high 8% talk. Though...

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