BV places new benchmark bond

BV places new benchmark bond

Bonds Debt Capital Markets Fixed Income Brazil Corporate & Sovereign Strategy

BV, a banking joint venture between Banco do Brasil and Votorantim Finanças, said it completed a benchmark-sized bond deal on Wednesday with $500 million in five-year notes. The 2025 bonds priced at par with a coupon of 4.375% after it had set the initial price talk in the high-4% area, a source involved in the deal said. Bank of America, Bradesco, Goldman Sachs, Itaú BBA, JPMorgan and Banco Safra were the bookrunners on the deal, and arranged calls with investors on Monday and Tuesday. BV sold

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