Santander Retaps Strong BRL Sentiment

Santander Retaps Strong BRL Sentiment

Brazil Bonds

Santander Brasil has raised BRL500m ($249m) from the reopening of its 2016 real-denominated bonds first sold in March, taking advantage of continued demand for bonds denominated in the currency. The bank got more than BRL800m in orders, according to people familiar with the terms, including several new accounts who passed on the original deal. The 8.000%-coupon 2016 reopened at 101.25 to yield 7.500%, at the tight end of 7.625%-area guidance. The bonds were spotted at around 102 prior to the sal

Already have an account?

Free trial

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

Free Trial