July 23, 2020 |
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.
Brazilian bank issues five-year notes at a lower coupon than its last deal in September 2019