Financial Institution Bond

Financial Institution Bond

Bonds

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

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