Bradesco prints new bonds

Bradesco prints new bonds

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil

Brazilian bank Bradesco sold $1.6 billion worth of new bonds on Wednesday, printing $800 million in three-year notes and another $800 million in five-year notes, according to a source involved in the deal. The 2023 notes priced at par with a coupon of 2.85%, or 132 basis points over US Treasury bonds, while the 2025 bonds also priced at par with a coupon of 3.2%, or 162.3 basis points over US Treasury bonds, the source said. Bradesco plans to settle the new notes on January 27 and use the procee

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