Banco Bradesco Launches $750M 5Yr Bond;175 BPs Over Treasurys
NEW YORK (Dow Jones)--Banco Bradesco (BBD), Brazil's second-largest private bank, launched a $750 million, five-year-bond deal Tuesday, offering a premium of 175 basis points over comparable U.S. Treasury notes, according to a person familiar with the deal.
The bonds are rated Baa2 by Moody's and BBB by Standard & Poor's.
The deal is expected to price later Tuesday via bookrunners Goldman Sachs, Bradesco BBI and Banco Votorantim.
In its last foray in to the dollar bond market in September, Bradesco sold $750 million in 10-year bonds offering a yield of 6.75%.
-Kejal Vyas, Dow Jones Newswires; 212 416 2185; kejal.vyas@dowjones.com
About Me
- Waldemar Jezler
- For over 30 years, Brazilian-American investment banker Waldemar Jezler has worked in the finance sector. Jezler earned his Bachelor's degree in Civil Engineering from the University of São Paulo in Brazil and then went on to attend Harvard Business School for his MBA. While at Harvard, Jezler was highly involved in extracurricular activities, including a term as President of the Ibero American Club.