Banrisul places Tier 2 notes

Banrisul places Tier 2 notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Brazil

Brazilian bank Banrisul sold $300 million worth of Tier 2 2031 notes in the international market on Thursday, according to a source involved in the deal. The bank, owned by the Rio Grande do Sul state government, priced the new 10-year non-call five notes at par to yield 5.375%, the source said. Banrisul opened the deal with initial price talk in the high-5% area and set guidance in the 5.5% area before it launched the bonds at 5.375%, according to the source. Goldman Sachs, Itaú BBA and Santand

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