Daycoval increases deal size

Daycoval increases deal size


Brazil's Banco Daycoval has raised the size of its forthcoming 5-year bond sale to $500m and has revised price guidance to 6.125%, LatinFinance understands. Daycoval released initial price thoughts of low to mid 6% area for a $300m bond on Monday. High demand from investors during the four-day two-team roadshow that finished on Tuesday prompted the bank to increase the size of the bond, sources said. The Baa3/BB+/BBB- rated bank is expected to price the bond on Wednesday. Swiss private banks are

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