BicBanco to Buy Up Sub Bonds

BicBanco to Buy Up Sub Bonds

Brazil Bonds

Banco Industrial e Comercial (BicBanco) plans to repurchase “part of” its 8.5% 2020 Tier 2 bonds, it says. The Brazilian mid-size bank finds the current secondary levels do not “represent their fair value.” The bonds traded in the low 60s last week,

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