Daycoval prepping senior return, says Fitch

Minas Gerais, Cemig, Brazil, LatAm
By Oliver West
28 Nov 2019

As Latin America's international bond markets took an extended break for the US Thanksgiving holiday, a Brazilian lender is set to give investors more food for thought in December with a senior unsecured issue.

Banco Daycoval, one of the strongest mid-sized banks in Brazil, is lining up a five year senior unsecured dollar issue in what would be its first visit to international bond markets since early 2014.

On that occasion, Daycoval — the 21st largest bank in Brazil by assets with a ...

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