Court ruling ramps up premium for Banco do Brasil perp

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Court ruling ramps up premium for Banco do Brasil perp

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Banco do Brasil has built a healthy order book for its first Basel III compliant perpetual bond, which it is aiming price during New York hours on Wednesday. But a fresh ruling on a long standing court case that could leave Brazilian issuers owning billions of reals meant the issuer will have to pay a higher premium, said bankers on the deal.

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