December 17, 2012
Banco do Brasil has returned to the Dim Sum bond market, for a CNH300m ($48
Banco do Brasil has returned to the Dim Sum bond market, for a CNH300m ($48m) private placement. The Brazilian lender priced the 2015 bond at par with a 3.98% coupon. Banco do Brasil and Societe Generale led the transaction. The sale is the lender’s second in the format, following a smaller CNH166m transaction in July. The Hong Kong offshore renminbi market is becoming popular with LatAm banks. CAF, Santander Chile, Bradesco and BTG Pactual have borrowed there in the last few months.