Investors race to InterCement

Investors race to InterCement

Bonds

Brazilian concrete maker InterCement took a sweeping $3bn in orders for a 5.5% $750m 10-year bond on Thursday, despite a jittery day in global markets. A DCM banker following the deal said he was “amazed” at the size of the book, which was said to be of around $3bn: “It’s not surprise, we are in an environment in which investors do not seem to have enough,” he said. Bradesco, BTG Pactual, Citi, HSBC and Itau managed the transaction, as well as a roadshow in Europe and the US that wrapped up on W

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