Fitch to rate BTG Pactual notes BBB-

Fitch Ratings said it expects to assign a long-term foreign currency rating of BBB-(exp) to Banco BTG Pactual SA's upcoming issue of senior unsecured notes in yuan with maturity of three years.

The notes will be issued by BTG Pactual's Cayman branch.

The amount of the notes and the interest rate will be set at the time of the issuance. Interest payments will be made semiannually, and the principal will be paid at the maturity of the issuance. The notes are part of a global medium-term notes program of up to $3 billion and its proceeds shall be used to enable new business generation.

The expected rating assigned to BTG Pactual's issuance corresponds to the bank's BBB-/stable issuer default rating and ranks equal with its other senior unsecured debt.

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