By Christine Van Dusen
Atlanta, June 30 - Brazil's Banco BTG Pactual SA (Cayman branch) sold $500 million 4 7/8% notes due July 8, 2016 (Baa3//BBB-) at 99.453 to yield 5%, or Treasuries plus 330.3 basis points, a market source said.
The notes priced in line with talk, which was set at the 5 1/8% area.
BTG Pactual, JPMorgan and BBI Bradesco were the bookrunners for the Rule 144A and Regulation S offering.
Proceeds will be used for general corporate purposes.
Banco BTG Pactual is a lender based in Sao Paulo.
| Issuer: | Banco BTG Pactual SA (Cayman branch)
|
| Amount: | $500 million
|
| Maturity: | July 8, 2016
|
| Description: | Notes
|
| Bookrunners: | BTG Pactual, JPMorgan, BBI Bradesco
|
| Coupon: | 4 7/8%
|
| Price: | 99.453
|
| Yield: | 5%
|
| Spread: | Treasuries plus 330.3 bps
|
| Trade date: | June 30
|
| Settlement date: | July 8
|
| Ratings: | Moody's: Baa3
|
| Fitch: BBB-
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | 5 1/8% area
|
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