Banco Daycoval sets stabilization period for five-year dollar notes

By Rebecca Melvin

New York, Dec. 6 – Brazil’s Banco Daycoval SA expects to hold a stabilization period for a dollar-denominated benchmark offering of five-year notes (//BB- (expected)), according to a company filing with the London Stock Exchange.

HSBC Bank plc and Safra are the stabilization managers.

The stabilization period was expected to start Friday and end no later than Jan. 13.

The stabilization managers have a 5% over-allotment option.

The lender is based in Sao Paulo.

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