December 9, 2019 |
Brazil's Banco Daycoval placed $350 million in cross-border bonds on Friday, increasing the size of the offering after receiving encouraging feedback from investors, said a source involved in the deal.
The mid-sized lender held calls with investors earlier in the week, before coming to the market with five-year notes, led by Banco Safra and HSBC.
"They were thinking about $300 million, but because of the size of the order book, they decided on $350 million," the source said. The source declined
Brazilian mid-sized lender increases five-year deal to $350 mln on good orders, source says