BdB Revives Euro Fundraising Efforts
Banco do Brasil (BdB) has raised EUR700m ($917m), upsizing from EUR500m on EUR2.1bn demand, in its first euro-denominated bond transaction since 2011. During a positive week for EM credits, the lender followed America Movil’s and Russian Gazprom’s recent euro-denominated efforts. “Following our investor meetings in June, we monitored the market and saw volatility. From last week we saw good signs of liquidity and understood it to be a good window to tap the market,” Daniel Maria, executive manager at Banco do...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.