BdB Revives Euro Fundraising Efforts

Jul 19, 2013

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...

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