July 10, 2013
Bradespar has raised BRL1.0bn ($442m) in Brazil's domestic bond market, acc
Bradespar has raised BRL1.0bn ($442m) in Brazil's domestic bond market, according to Anbima. The investment arm of Bradesco issued a 2015 debenture paying 105.3% of the DI, coming inside of a 106% limit. A 2014 tranche had also been an option. The proceeds will be used to refinance existing domestic bonds. Bradesco managed the transaction, done under the rule 476 restricted format.