Brazil’s Globo launches $325 million 10-year notes at 265 bps spread

By Christine Van Dusen

Atlanta, June 1 – Globo Comunicacao e Participacoes SA, through Pontis III Ltd., launched a $325 million offering of notes due in 10 years at Treasuries plus 265 basis points, a market source said.

The notes were talked at a spread in the Treasuries plus high-200 bps area.

BofA Merrill Lynch, Itau BBA and Santander are the bookrunners for the Rule 144A and Regulation S deal.

The secured exchange notes will include a par call 90 days before the final maturity and will be exchangeable for Globo’s notes due 2025.

The media company has headquarters in Rio de Janeiro.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.