Published on 2/12/2010 in the Prospect News Emerging Markets Daily and Prospect News High Yield Daily.
New Issue: Brazil's Banco Cruzeiro do Sul sells $250 million 8½% five-year global bonds at 99.007
By Paul A. Harris
St. Louis, Feb. 12 - Brazil's Banco Cruzeiro do Sul SA priced a $250 million issue of 8½% five-year fixed-rate global bonds (Ba2) at 99.007 on Friday, according to a market source.
BCP Securities LLC and BTG Pactual were the bookrunners for the issue that was placed under Rule 144A and Regulation S.
| Issuer: | Banco Cruzeiro do Sul SA
|
| Amount: | $250 million
|
| Maturity: | Feb. 20, 2015
|
| Securities: | Fixed-rate global notes
|
| Bookrunners: | BCP Securities LLC, BTG Pactual
|
| Coupon: | 8½%
|
| Price: | 99.007
|
| Trade date: | Feb. 12
|
| Settlement date: | Feb. 22
|
| Rating: | Moody's: Ba2
|
| Distribution: | Rule 144A/Regulation S
|
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