XP prepares first cross-border bonds

XP prepares first cross-border bonds

Bonds Debt Corporate & Sovereign Strategy Fixed Income Brazil Capital Markets

Brazilian investment management firm XP Inc started calling investors on Monday to present its first-time sale of dollar-denominated bonds in the international market, according to a source involved in the deal. Bank of America, Citi, Goldman Sachs, JPMorgan, Morgan Stanley and XP itself will lead the two-part debt deal with notes due in 2024 and 2026, the source said. Moody's gave XP a first-time rating of Ba2 on Monday, saying the firm holds a "leading position" as a broker in Brazil's capital

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