Andrade, Original set for Friday pricing

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By Oliver West
07 Nov 2019

As of Thursday afternoon, pricing on a duo of Brazilian high yield credits looked set to be pushed to Friday, as investors in Latin American bonds were given the rare chance to get stuck into some riskier names.

Looking to enter international bond markets for the first time, B+/B+ rated private lender Banco Original set initial price thoughts at low 7% on Thursday for a three year bond.

Rating agency reports had suggested the borrower would seek $200m. Late on Thursday, leads BCP Securities, Santander and XP ...

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