By Christine Van Dusen
Atlanta, Sept. 6 - Banco Santander (Brasil) SA priced a $500 million add-on to its 4 5/8% notes due Feb. 13, 2017 (Baa1/BBB/BBB+) at 101.291 to yield 4.3%, a market source said.
Bank of America Merrill Lynch was the bookrunner for the Rule 144A and Regulation S transaction.
The original issue of $800 million notes came to the market in February 2012 at 99.414 to yield Treasuries plus 400 bps.
Proceeds will be used for general corporate purposes.
Banco Santander (Brasil) is a lender based in Sao Paulo.
| Issuer: | Banco Santander (Brasil) SA
|
| Amount: | $500 million
|
| Maturity: | Feb. 13, 2017
|
| Description: | Notes
|
| Bookrunner: | Bank of America Merrill Lynch
|
| Coupon: | 4 5/8%
|
| Price: | 101.291
|
| Yield: | 4.3%
|
| Trade date: | Sept. 6
|
| Settlement date: | Sept. 13
|
| Ratings: | Moody's: Baa1
|
| Standard & Poor's: BBB
|
| Fitch: BBB+
|
| Distribution: | Rule 144A and Regulation S
|
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