BTG Arm Clinches 5-year

BTG Arm Clinches 5-year

Brazil Bonds

BTG Investments has raised $700m from a 2018 bond sale, according to sources following the transaction. The proprietary investment entity for Brazil’s BTG Pactual drew $2.5bn in orders for its first-ever bond, offering investors a pickup to the bank’s curve. The BBB minus note priced at 99.448 with a 4.500% coupon to yield 4.625%, or UST+389bp, in line with 4.625%-area guidance that tightened from 4.75%-area talk. The entity holding part of BTG's proprietary trading investments and merchant bank

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