Brazilian Pays to Hit Size Target

Brazilian Pays to Hit Size Target

Brazil Bonds

Companhia Brasileira de Cartuchos (CBC Ammo), the Brazilian manufacturer of small-caliber ammunition, has priced a $250m 2021 NC4 bond, at a slightly wider yield than it aimed for. As better than expected non-farm payroll numbers led to an uptick in the 10-year UST to 2.75% from 2.60% Friday, the B1/BB minus debut issuer got the size it wanted, though it came 25bp wide to price talk. The senior notes priced at 98.515 with a 7.25% coupon to yield 7.50%, on the wider end of 7.00%-7.25% guidance an

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