XP completes cross-border bond debut

XP completes cross-border bond debut

Corporate & Sovereign Strategy Bonds Debt Fixed Income Brazil Capital Markets

Brazilian financial services group XP Inc sold its first bonds in the international market on Thursday, issuing $750 million in five-year notes at a yield of 3.5%, according to a source involved in the deal.  The 2026 bonds carried a coupon of 3.25% and an issue price of 98.862 to yield 3.5%, the source said. The deal opened with the initial price talk in the mid- to high-3% area before guidance came in at 3.5%, the source added. Bank of America, Citi, Goldman Sachs, JPMorgan, Morgan Stanley and

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