BNDESPar Meets Local Investors

BNDESPar Meets Local Investors

Brazil Bonds

BNDESPar is scheduled to begin meeting Brazilian investors today, ahead of a BRL2.50bn ($1.17bn) domestic bond sale. The investment arm of the government development bank is offering four tranches and is estimated to conclude pricing by July 12, according to regulatory documents. A 2017 tranche pays the TJ3 rate plus up to 0.70%, a 2018 tranche pays the DI plus up to 0.70%, an inflation-linked 2020 tranche pays a fixed rate equal to the NTN-B bond at the time of pricing plus up to 70bp, and an i

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