By Christine Van Dusen
Atlanta, Feb. 7 - Brazil's Banco Santander (Brasil) SA priced $800 million of 4 5/8% notes due Feb. 13, 2017 (expected ratings: Baa1/BBB/BBB+) at 99.414 to yield Treasuries plus 400 basis points, a market source said.
The notes were talked in the Treasuries plus 415 bps area.
Bank of America Merrill Lynch, BNP Paribas, Santander and Standard Chartered were 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.
| Issuer: | Banco Santander (Brasil) SA
|
| Amount: | $800 million
|
| Maturity: | Feb. 13, 2017
|
| Description: | Senior notes
|
| Bookrunners: | Bank of America Merrill Lynch, BNP Paribas, Santander, Standard Chartered
|
| Coupon: | 4 5/8%
|
| Price: | 99.414
|
| Spread: | Treasuries plus 400 bps
|
| Trade date: | Feb. 6
|
| Settlement date: | Feb. 13
|
| Expected ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
| Price talk: | Treasuries plus 415 bps area
|
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