New Issue: Brazil's Banco Bradesco sells $500 million add-on to 5.9% notes due 2021 to yield 6.042%

By Christine Van Dusen

Atlanta, Jan. 6 - Brazil's Banco Bradesco SA priced a $500 million add-on to its 5.9% notes due Jan. 16, 2021 at 98.945 to yield 6.042%, or Treasuries plus 262.5 basis points, a market source said.

Bank of America Merrill Lynch, Bradesco BBI, HSBC and JPMorgan were the bookrunners for the Rule 144A and Regulation S deal, which was talked at a spread of Treasuries plus 262.5 bps to 275 bps.

The original issue totaled $1 billion and priced in August at 99.622 to yield 5.95%.

Banco Bradesco is an Osasco, Brazil-based lender.

Issuer:	Banco Bradesco SA
Amount:	$500 million
Maturity:	Jan. 16, 2021
Description:	Add-on to notes
Bookrunners:	Bank of America Merrill Lynch, Bradesco BBI, HSBC, JPMorgan
Coupon:	5.9%
Price:	98.945
Yield:	6.042%
Spread:	Treasuries plus 262.5 bps
Trade date:	Jan. 6
Distribution:	Rule 144A and Regulation S
Price talk:	Treasuries plus 262.5 bps to 275 bps
Total amount:	$1.5 billion, including $1 billion priced in August at 99.622 to yield 5.95%

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.