By Christine Van Dusen
Atlanta, Sept. 28 - Banco ABC Brasil priced a $100 million increase of its 7 7/8% notes due April 8, 2020 (Ba1) at 106.5, a market source said.
The notes priced in line with talk, set at the 105 area.
HSBC, Itau and Santander were the bookrunners for the Rule 144A and Regulation S deal.
The outstanding size is $300 million.
Proceeds will be used to increase the bank's capital base and for general corporate purposes.
Banco ABC Brasil is a lender based in Sao Paulo.
| Issuer: | Banco ABC Brasil
|
| Amount: | $100 million
|
| Maturity: | April 8, 2020
|
| Description: | Tier 2 notes
|
| Bookrunners: | HSBC, Itau, Santander
|
| Coupon: | 7 7/8%
|
| Price: | 106.5
|
| Trade date: | Sept. 27
|
| Rating: | Moody's: Ba1
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 105 area
|
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