Banco do Brasil borrows from the bond market

Banco do Brasil borrows from the bond market

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Economy & Policy Brazil

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%

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