Brazil's Banco Santander talks five-year dollar benchmark notes at Treasuries plus 415 bps area

By Christine Van Dusen

Atlanta, Feb. 6 - Brazil's Banco Santander (Brasil) SA set price talk for its benchmark-sized issue of dollar-denominated notes due 2017 (expected ratings: Baa1/BBB/BBB+) at the Treasuries plus 415 basis points area, a market source said.

Bank of America Merrill Lynch, BNP Paribas, Santander and Standard Chartered are the bookrunners for the Rule 144A and Regulation S deal.

Proceeds will be used for general corporate purposes.

Banco Santander (Brasil) is a lender based in Sao Paulo.

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