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Brazil's BankBoston Banco Multiplo plans to issue R$125 million three-year bonds
By Reshmi Basu
New York, April 13 - BankBoston Banco Multiplo SA plans to issue R$125 million or $50 million equivalent of three-year bonds, according to a market source.
Initial guidance for the coupon is 17.20% to 18.20%.
The interest and principle will be payable in U.S. dollars.
Credit Suisse First Boston and Bank of America are lead managers for the Rule 144A/Regulation S deal through the issuer's Nassau branch.
The bonds will be paid annually with the exchange rate set two days prior to the payment date.
The proposed issuer, based in Sao Paulo, is the Brazilian unit of BankBoston.
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