BNDES Sells 750 Million Euros of 7-Year Notes to Yield 4.243%

Sept. 9 (Bloomberg) -- Brazil’s state development bank, known as BNDES, sold 750 million euros of seven-year bonds, according to a person familiar with the offering.

The notes priced to yield 4.243 percent, or 200 basis points over the benchmark mid-swap rate,

said the person, who wasn’t authorized to comment on the sale. A basis point is 0.01 percentage point. BNP Paribas SA, Credit Suisse Group AG and Deutsche Bank AG arranged the sale, the person said.

To contact the reporter on this story: Gabrielle Coppola in New York at gcoppola@bloomberg.net
To contact the editor responsible for this story: Lester Pimentel at lpimentel1@bloomberg.net