BTG Pactual Wraps up Public Dim Sum

BTG Pactual Wraps up Public Dim Sum

Brazil Asia Bonds

BTG Pactual has raised CNH1bn ($161m) in its first-ever public market offshore renminbi, or Dim Sum, bond transaction, according to a person following the sale. The Brazilian bank’s 2016 priced at 99.721 with a 4.10% coupon to yield 4.20%, inside 4.30%-area guidance. Standard Chartered, BTG Pactual and Citic managed the Baa3/BBB minus RegS-only transaction, described as the largest public Dim Sum issue to date by a LatAm financial institution. Order books reached CNH2.6bn coming from approximate

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