Banco Santander Brasil Sells CHF150 Million Bond -Source
March 15 2012 - 4:20PM
Dow Jones News
Banco Santander (Brasil) SA (BSBR), through its Grand Cayman
branch, raised CHF150 million through a bond issue that priced
Thursday afternooon, according to sources familiar with the
deal.
This comes on the heels of a CHF300 million issue Monday by
Petroleos Mexicanos. The Mexican oil producer was the first Latin
American company to resume Swiss franc issuance this year,
according to Dealogic data. It sold seven year bonds with a coupon
of 2.5% to private bank investors, portfolio managers, and
institutional investors in Switzerland, the company said.
Emerging market companies have increased their issuance in Swiss
francs, with the total issuance climbing up to CHF5.53 billion last
year, Dealogic data showed.
Thursday, Banco Santander returned to the Swiss franc market
after having raised a similar amount last May. This time, Banco
Santander priced at 100.102 on the 3.25% coupon bond due April 12,
2016.
Emerging market companies and sovereigns have tapped the bond
markets aggressively this year. So far these entities have raised
$94.359 billion in dollar-denominated debt, and are expected to
reach the $100 billion mark before the end of this quarter.
-By Prabha Natarajan, Dow Jones Newswires; 212-416-2468;
prabha.natarajan@dowjones.com
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