Financial Institution Bond

Financial Institution Bond


Financial Institution Bond Market Builder Banco do Brasil's $500 million perpetual was the first Brazilian issue to comply with Tier 2 hybrid capital requirements. It got a Basket B assignment from Moody's, which categorized 25% of the structure as equity and was the first perpetual priced through 8%. The non-cumulative junior subordinated deal for Brazil's largest public sector-owned bank is LatinFinance's Best Financial Institution Bond. Though largely forgotten in the flood of Brazilian issuance that followed, the transaction marked a number of firsts. For Carlos Andre, head of international capital markets and financial institutions at Banco do Brasil, it was the first to be recognize

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial