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Banco do Brasil triples year’s first EM tier one

Banco do Brasil, the country’s largest bank, priced an 8.5% perpetual tier one issue three times bigger than initial indications, having cut its roadshow short due to exceptional demand. With orders of $13bn for the year’s first tier one bond from an emerging market issuer, will it herald more tier one from the region? See Friday’s EuroWeek for this and all the week’s other EM news

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