Brazil's Banco Votorantim whispers tap of 5¼% notes due 2016 at Treasuries plus 270 bps area

By Christine Van Dusen

Atlanta, April 5 - Brazil's Banco Votorantim SA whispered the planned add-on to its $750 million 5¼% senior notes due Feb. 11, 2016 (Baa2) at the Treasuries plus 270 basis points area, a market source said.

BB Securities, BNP Paribas, Bradesco BBI, HSBC, RBS and Banco Votorantim are the bookrunners for the Rule 144A and Regulation S notes.

Proceeds will be used for general corporate purposes.

The original issue priced Feb. 7 at 98.834 to yield 5.52%, or Treasuries plus 325 bps.

Banco Votorantim is a lender based in Sao Paulo.

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