BTG Pactual asks to repurchase perps

BTG Pactual asks to repurchase perps

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil

BTG Pactual has told bondholders that it wants to buy back all the remaining 8.75% perpetual notes at face value, adding a $0.10 consent fee for investors who meet the early deadline on January 23. The Brazilian bank has $652m of the subordinated perpetual notes after completing a buyback in December 2017, but it still has $258m outstanding, BTG Pactual said in a statement. The last buyback saw bondholders give up $498m in notes, although the bank set a cap at $390m. The notes traded as high a

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