Eldorado prices cross-border bond

Eldorado prices cross-border bond

Brazil Bonds

Eldorado has sold $350m in five-year cross-border bonds, with yields in the high 8% range, sources told LatinFinance.The bookrunners Banco do Brasil, Bank of America-Merrill Lynch and Credit Suisse opened the order books on Wednesday afternoon and priced the notes at 99.008 with a 8.625% coupon to yield 8.875%, one banker said.Fitch, which gave the notes a B rating, said the company’s stronger cash flow accelerated the deleveraging of its balance sheet as a result of a depreciated real. The

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