By Christine Van Dusen
Atlanta, Nov. 4 - The Federative Republic of Brazil priced a $1 billion add-on to its existing 5 5/8% notes due Jan. 7, 2041 (Baa2/BBB-/BBB) at 114.7 to yield 4.694%, or Treasuries plus 160 basis points, according to a company filing.
Barclays Capital and Bank of America Merrill Lynch were the bookrunners for the Securities and Exchange Commission-registered notes.
The notes will be consolidated with the sovereign's existing $1.835 billion notes issued on Oct. 7, 2009 and Sept. 21, 2010.
Proceeds will be used for general budgetary purposes.
| Issuer: | Federative Republic of Brazil
|
| Amount: | $1 billion
|
| Maturity: | Jan. 7, 2041
|
| Description: | Notes
|
| Bookrunners: | Barclays Capital, Bank of America Merrill Lynch
|
| Coupon: | 5 5/8%
|
| Price: | 114.7
|
| Yield: | 4.694%
|
| Spread: | Treasuries plus 160 bps
|
| Call features: | Make-whole call at par
|
| Trade date: | Nov. 4
|
| Settlement date: | Nov. 10
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB-
|
| Fitch: BBB
|
| Distribution: | Securities and Exchange Commission registered
|
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