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FIG

Votorantim dives in for Swiss franc first

Banco Votorantim brought its debut Swiss franc deal to market on Wednesday morning, a Sfr250m three year. Sole bookrunner Deutsche Bank priced the deal 204bp over swaps, beating Votorantim’s dollar funding costs in the three year tenor. The issuer is the first Brazilian issuer to do a Swiss franc deal since 1995.

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