Banco do Brasil to Issue $500 Million in Overseas Bonds
June 12 2012 - 10:28AM
Dow Jones News
SAO PAULO--Latin America's biggest bank by assets, Brazil's
state-run Banco do Brasil SA (BDORY, BBAS3.BR), is planning to
raise $500 million via an overseas bond issue, ratings agencies of
Standard & Poor's Corp. and Moody's Corp. (MCO) said
Tuesday.
The bonds will mature in ten years. The issue will be made via
the bank's Grand Cayman Branch.
In February, the Banco do Brasil raised $750 million from the
reopening of its perpetual bond, paying an annual yield of
8.48%.
Attempts to reach Banco do Brasil for confirmation and further
details were not immediately successful.
Write to Rogerio Jelmayer at rogerio.jelmayer@dowjones.com
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