Brazil Banco Fibra Raises $110M From Bonds Issue - WSJ.com

Brazil Banco Fibra Raises $110M From Bonds Issue

SAO PAULO (Dow Jones)--Small Brazil bank Banco Fibra raised $110 million from the issue of bonds overseas, a person involved in the operation told Dow Jones Newswires on Wednesday.

The bonds will carry a seven-year maturity and will pay an annual yield of 8.5%. Goldman Sachs coordinated the operation.

Fibra was founded in 1988 and is controlled by the Steinbruch family, which has interests in the textile, steel and real estate sectors.



-By Rogerio Jelmayer, Dow Jones Newswires; 5511-2847-4521; rogerio.jelmayer@dowjones.com"