BdB Breaks into Switzerland

BdB Breaks into Switzerland

Brazil Europe Bonds

Banco do Brasil has become the latest LatAm credit to sell its first Swiss market bond, upsizing a transaction Tuesday to CHF275m ($303m) from a planned CHF200m. The 5.5-year bond was seen pricing 30bp through the government-controlled bank's dollar curve. The Baa1/BBB/BBB borrower priced at 99.729 with a 2.50% coupon to yield 2.55%, or mid-swaps plus 190bp, in line with guidance of 190bp talk and IPT. The deal drew more than 50 accounts, with retail and private banking accounts participating an

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial