Banco Daycoval sells upsized notes

Banco Daycoval sells upsized notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil United States

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

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