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Bradesco To Raise $500M In Bond Reopening

Banco Bradesco is raising a total of $500 million in a reopening of its 2021 bonds.

Banco Bradesco is raising a total of $500 million in a reopening of its 2021 bonds, The Wall Street Journal reports. The 2021 securities will be priced to spread a yield at 262.5 basis points to 275 basis points over Treasuries.

The Brazilian lender has appointed Bank of America Merrill Lynch, Bradesco BBI, HSBC and JP Morgan as joint book-running managers for the sale. The Brazilian lender has also raised $1.1 billion through the sale of the 2021 bonds, which carried a coupon of 5.9%, earlier in August 2010.

Click here for the story from The Wall Street Journal.

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