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Banco Bradesco wrapped up January's spree of Brazilian bank offerings overseas this week by announcing a Eu50m six month deal. The offering, led by Banco Espirito Santo de Investimento, was announced yesterday (Thursday) and will be priced to yield 6.125%-6.375%.

Banco Bradesco wrapped up January's spree of Brazilian bank offerings overseas this week by announcing a Eu50m six month deal. The offering, led by Banco Espirito Santo de Investimento, was announced yesterday (Thursday) and will be priced to yield 6.125%-6.375%.

Issuance between five and seven years was the big growth area in the last seven days. Just shy of $1bn was issued from 78 trades. Lloyds TSB Bank was one of the most active borrowers in this maturity range. The largest of its four dollar deals was for $20m.

Volumes from private corporates continue to grow, topping $800m this week. Banque PSA Finance's Eu100m note was the largest individual deal from this issuer type. The two year trade pays a coupon of 20.5bp over six month Euribor. DZ Bank was the bookrunner. A number of different currencies were tapped by private corporates. TotalFinaElf Capital issued a C$100m trade with a 10 year tenor. The note pays an annual coupon of 4.25%. Sweden's Vasakronan issued a Skr115m trade. The five year note pays a quarterly coupon. And Volkswagen Financial Services issued a £10m one year deal with monthly interest payments.

EuroWeek hears that five of the 10 banks that were invited into the first stage of syndication of Cadbury Schweppes' acquisition facility have come into the deal. Some banks have complained about the facility's aggressive pricing, however.