Banco do Brasil debuts with largest Brazillian Swissie
Banco do Brasil priced its inaugural Swiss franc deal on Tuesday, selling the largest ever Latin American FIG deal in the currency. A strong bid for emerging market paper coupled with the lack of other Brazilian credits in the currency helped the deal to grow beyond its target size.
“There aren’t many ways for a Swiss franc investor to get access to Brazilian risk,” said a syndicate manager at one of the leads. “This certainly helped drive demand, as did a strong appetite for Latin American paper in general.”The deal is both the largest Latin American ...
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