News on Lending in Brazil
Banco do Brasil may borrow US$1 billion of bonds today, Bloomberg News quoted a person familiar with the deal as saying.
The lender may sell US$500 million of bonds maturing in 10 years to yield approximately 237.5 basis points over a similar-dated U.S. Treasury and US$500 million in five-year securities to yield 220 above Treasuries.
Banco do Brasil is negotiating the acquisition of assets in Argentina and Brazil. Continued…
Posted in Uncategorized.
BNDES will finance the construction and renovation of stadiums and hotels with 5.8bn reais (US$3.3bn) so Brazil is ready for the 2014 World Cup. Continued…
Posted in Uncategorized.
Brasil Foods, a food processor, contracted with Banco Itau, Banco Santander and JPMorgan Chase to arrange a 10-year bond sale, Bloomberg quoted a person familiar with the transaction as saying.
Posted in Bonds, Credit, Trade Finance.
Bradesco, the Brazilian lender, hired Goldman Sachs for a sale of US$500mn of bonds, Valor Econômico said.
Banco do Brasil, the state-run bank, is seeking more than US$1bn in funding through the sale of bonds. Continued…
Brazil’s Banco Votorantim borrowed US$750mn in a sale of 10-year subordinated debt. Continued…
Posted in Bonds, Credit, Subordinated Debt.
BNDES, Brazil’s development lender, announced on Monday it will restart lending to Cosan as the ethanol and sugar producer’s name was removed from a government list of companies that has workers in slave-like conditions. Continued…
Posted in Credit, Trade Finance.
Banco do Brasil approved a 300mn reais (US$171mn) credit for Cyrela Brasil Realty, the homebuilder announced.
Posted in Bonds, Credit, Debentures.