By Reshmi Basu
New York, Aug. 4 - Banco Votorantim Nassau Branch priced an upsized $100 million offering of five-year floating-rate notes (/BB-) at 99.90 to bear a coupon of three-month Libor plus 200 basis points, according to market source.
The deal was increased from $50 million.
BNP Paribas was the bookrunner for the Regulation S-only offering.
Banco Bradesco Cayman branch was the co-manager.
The issue is part of the company's euro medium-term note program.
The issuer is a subsidiary of Banco Votorantim SA, a Sao Paulo, Brazil-based financial institution.
| Issuer: | Banco Votorantim Nassau Branch
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| Amount: | $100 million
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| Issue: | Senior unsecured floating-rate notes
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| Maturity: | Aug. 19, 2010
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| Coupon: | Three-month Libor plus 200 basis points
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| Issue price: | 99.90
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| Pricing date: | Aug. 4
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| Settlement date: | Aug. 19
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| Bookrunner: | BNP Paribas
|
| Co-manager: | Banco Bradesco Cayman branch
|
| Rating: | Standard & Poor's: BB-
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