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Brazil's Banco Mecantil talks dollar-denominated five-year notes at 7¾% area
By Reshmi Basu
New York, April 25 - Banco Mercantil do Brasil (B1/B) set price guidance for a dollar-denominated offering of five-year amortizing notes in the area of 7¾%, according to a market source.
The notes will amortize in the third, fourth and fifth years.
Dresdner Kleinwort is the bookrunner for the Regulation S transaction.
Banco Mercantil is a mid-sized bank that focuses on retail banking and lending to small- and medium-sized businesses located in the southeast region of Brazil.
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