Published on 4/15/2010 in the Prospect News Emerging Markets Daily and Prospect News Investment Grade Daily.
New Issue: Brazil prices $750 million 4 7/8% global bonds due 2021 at 98.978 to yield 5%
By Christine Van Dusen
Atlanta, April 15 - Brazil priced $750 million 4 7/8% global bonds due Jan. 22, 2021 at 98.978 to yield 5% or Treasuries plus 115.6 basis points, according to an informed source.
Citigroup and JP Morgan are joint bookrunners with BB Securities Ltd. and Santander as co-managers.
The issue includes a make-whole call.
Proceeds will be used for general budgetary purposes.
| Issuer: | Brazil
|
| Description: | Global bonds
|
| Amount: | $750 million
|
| Maturity: | Jan. 22, 2021
|
| Coupon: | 4 7/8%
|
| Price: | 98.978
|
| Yield: | 5%
|
| Spread: | Treasuries plus 115.6 bps
|
| Call features: | Make-whole call
|
| Bookrunners: | Citigroup, JP Morgan
|
| Co-managers: | BB Securities Ltd., Santander
|
| Trade date: | April 15
|
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