By Christine Van Dusen
Atlanta, Jan. 4 - The Federative Republic of Brazil priced a $75 million tap of its 4 7/8% notes due Jan. 22, 2021 (Baa2/BBB/BBB) at 110.997 to yield 3.449%, or Treasuries plus 150 basis points, a market source said.
This followed Tuesday's pricing of a $750 million tap of the notes at the same price, yield and spread.
BNP Paribas and Itau BBA were the bookrunners for the Securities and Exchange Commission-registered deals.
The new notes include a make-whole call Treasuries plus 25 bps.
Proceeds will be used for general budgetary purposes.
| Issuer: | Federative Republic of Brazil
|
| Amount: | $75 million
|
| Maturity: | Jan. 22, 2021
|
| Description: | Global notes
|
| Bookrunners: | BNP Paribas, Itau BBA
|
| Coupon: | 4 7/8%
|
| Price: | 110.997
|
| Yield: | 3.449%
|
| Spread: | Treasuries plus 150 bps
|
| Call features: | Make-whole call at Treasuries plus 25 bps
|
| Trade date: | Jan. 4
|
| Settlement date: | Jan. 6
|
| Ratings: | Moody's: Baa2
|
| Standard & Poor's: BBB
|
| Fitch: BBB
|
| Distribution: | Securities and Exchange Commission registered
|
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