BNDESPar to Wait on Jumbo Debenture

BNDESPar to Wait on Jumbo Debenture

Brazil Bonds

BNDESPar has asked for a 60-day suspension for its planned BRL2.5bn ($1.11bn) domestic bond sale, according to a bank spokesman. The investment arm of national development bank BNDES is taking more time to better evaluate market conditions. The issuer was preparing a 2017 tranche paying the TJ3 rate plus up to 0.70%, a 2018 tranche paying the DI plus up to 0.70%, an inflation-linked 2020 tranche paying a fixed rate equal to the NTN-B bond at the time of pricing plus up to 70bp, and an inflation-

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