March 14, 2019 |
Banco do Brasil has raised $750m from the sale of five-year notes in the cross-border bond market, one day after Petrobras marked the return of Brazilian issuers with a $3bn debt deal, LatinFinance has heard.
BB Securities, the state-owned lender's brokerage division, was one of the joint bookrunners with BNP Paribas, Goldman Sachs, Itaú BBA and Standard Chartered. Banca IMI, a subsidiary of Intesa Sanpaolo, was the co-manager, sources told LatinFinance.
The bookrunners priced the notes at 4.75%
State-owned lender sells $750m in five-year notes a day after Petrobras set the stage with a $3bn deal