December 9, 2013
Banco do Brasil has launched a $1bn loan for MLAs, LatinFinance understands
Banco do Brasil has launched a $1bn loan for MLAs, LatinFinance understands, and a retail bank meeting is anticipated for January. A 3-year tranche pays Libor+135bp and a 4-year tranche Libor+150bp. At these levels, the sate-controlled bank would achieve its aim of pricing just inside of the respective 140bp and 155bp rates Itau got on its well-received $1.5bn loans earlier this year. BNP, Citi, HSBC, JPMorgan, and Standard Chartered are leading.