Brazilian Banks Join BRL Parade

Brazilian Banks Join BRL Parade

Brazil Bonds

Bradesco and Itau are looking to become the latest issuers of global real-denominated bonds, with each prepping a sale to price as soon as today. Following a rebirth of global BRL issuance spurred by the sovereign’s BRL750m sale last month, each bank plans a 2015 benchmark-sized issue. Anheuser-Busch InBev, which holds the LatAm assets of AmBev, gave corporate BRL issuance a solid reopening this year. Its BRL750m trade brought in BRL2bn in demand from what bankers describe as a diverse book that

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