New Issue: Banco Santander Brasil's $650 million 4¼% notes due 2016 yield Treasuries plus 250 bps

By Christine Van Dusen

Atlanta, Jan. 11 - Banco Santander Brasil SA priced $650 million 4¼% notes due Jan. 14, 2016 (Baa2/BBB-/) at 99.262 to yield 4.416%, or Treasuries plus 250 basis points, a market source said.

Deutsche Bank, Morgan Stanley and Santander were the bookrunners for the Rule 144A and Regulation S deal, which was talked at a spread in the mid-200 bps over Treasuries area.

Banco Santander Brasil is a banking company based in Sao Paulo.

Issuer:	Banco Santander Brasil SA
Amount:	$650 million
Maturity:	Jan. 14, 2016
Description:	Senior notes
Bookrunners:	Deutsche Bank, Morgan Stanley, Santander
Coupon:	4¼%
Price:	99.262
Yield:	4.416%
Spread:	Treasuries plus 250 bps
Trade date:	Jan. 11
Settlement date:	Jan. 14
Ratings:	Moody's: Baa2
	Standard & Poor's: BBB-
Distribution:	Rule 144A and Regulation S
Price talk:	Whispered at Treasuries plus mid-200 bps

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