January 23, 2014
A BTG Pactual investment fund has raised BRL638.4m ($269m) through a privat
A BTG Pactual investment fund has raised BRL638.4m ($269m) through a private placement in Brazil’s local market. The note pays 2.7% over the DI. BTG Pactual Ys Empreendimentos e Participacoes sold the 10-year bond on January 17. The issuer was the vehicle for a BTG Pactual infrastructure fund’s BRL1.78bn purchase of undersea cable system GlobeNet last year. Bradesco BBI arranged the debenture sale, issued under Brazil’s Rule 476.