Latin Finance - March/April 2010 - 25

The News that Moves Markets DELIVERED DAILY Before the markets open, to your mobile device or inbox. You choose. DAILY BRIEF BdB Wide to Whispers; Maintains Trend January 2010 Debt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¶V )HPVD ZHUH IODWWHQHG 0RQGD\ DIWHU LW DQQRXQFHG WKH VDOH RI LWV EHHU XQLW IRU D  VWDNH LQ +HLQHNHQ YDOXLQJ WKH DVVHW DW WKH ORZ HQG RI ZKDW DQDO\VWV KDG H[SHFWHG 5HDG 0RUH ([&LWL %DQNHU ([SDQGV %UD]LO 6WDUWXS 5LFDUGR /DFHUGD WKH IRUPHU KHDG RI %UD]LO LQYHVWPHQW EDQNLQJ DW &LWL LV JURZLQJ D QHZ %UD]LOIRFXVHG LQYHVWPHQW EDQNLQJ DQG DVVHW PDQDJHPHQW ILUP %5 3DUWQHUV 5HDG 0RUH bonds loans structured domestic Equity IPOs follow-ons private equity M&A international domestic Banco do Brasil (BdB) launched and priced $1bn in 2015 and 2020 bonds Friday, highlighting continued strong appetite for Brazilian credits, particularly banks. Pricing was in line with official guidance but fell wide of early whispers. A Baa2/BBB $500m 2015 tranche priced at 99.333 with a 4.500% coupon to yield 4.651%, or UST plus 220bp, in line with 220bp area guidance Rating Size Tenor Pricing People Moves Visit today’s deal pipeline and more .H\ZRUG 6HDUFK 6HDUFK $GYDQFHG 6HDUFK (PDLO 3UHIHUHQFHV 566 )UHH 7ULDO 6XEVFULEH 6LWH /LFHQVH )$4 6LWH 0DS ARCHIVE: Comprehensive archive of news and features DEAL PIPELINE: Continuously refreshed details of all rumored and recently-closed deals including pricing, size, tenor, rating and timing LEAGUE TABLES: For each major asset class, by volume and fees +RPH 3DJH 1HZV /DWHVW 1HZV &XUUHQW ,VVXH :HEVLWH 9HUVLRQ 'LJLWDO (GLWLRQ 1HZV $UFKLYH 'LJLWDO (GLWLRQ $UFKLYH 0DUNHWV 'HEW (TXLW\ 6WUXFWXUHG )LQDQFH 0 $ 5HWDLO %DQNLQJ %X\VLGH 3HRSOH 0RYHV 0RUH (YHQWV 5HVRXUFHV $UFKLYHV 'HDO 3LSHOLQH 'HDO 'DWDEDVH /HDJXH 7DEOHV 6XSSOHPHQWV 3URGXFWV 6HUYLFHV $GYHUWLVLQJ (YHQW 6SRQVRUVKLS 6LWH /LFHQVH 5HSULQWV &DUHHU &HQWHU 0\ $FFRXQW (PDLO 3UHIHUHQFHV &XVWRPHU 6HUYLFH $ERXW 8V &RQWDFW 8V +HOS)$4V )UHH 7ULDO /DWHVW 1HZV /DWLQ)LQDQFH February 02, 2010 YLHZ DOO 0 $ &RPHV 5RDULQJ %DFN /DW$P 0 $ LV RQ D WHDU  %UDVNHP &UDFNV 86 9LD 6XQRFR %X\ -XVW GD\V DIWHU WKH DQQRXQFHPHQW RI  &RVDQ )LUPV XS -XPER -9 ZLWK 6KHOO &RVDQ VD\V LW LV LQ WDONV  &61 5HDGLHV 6KRUW 7HUP 0 $ )XQGLQJ &61¶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~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pULFD  PRUH /HDJXH 7DEOHV YLHZ DOO 'HEW 7KH OHDGLQJ XQGHUZULWHUV RI GHEW WUDQVDFWLRQV IRU /DW$P DQG &DULEEHDQ HQWLWLHV LQFOXGLQJ ORFDO FXUUHQF\ LVVXDQFH (TXLW\ 7KH OHDGLQJ XQGHUZULWHUV RI HTXLW\ WUDQVDFWLRQV IRU /DW$P DQG &DULEEHDQ HQWLWLHV LQ DOO PDUNHWV 0 $ 7KH OHDGLQJ 0 $ DGYLVRUV ZKHUH WKH DFTXLUHU WDUJHW RU GLYHVWRU LV /DW$P RU &DULEEHDQEDVHG 7DNH D )5(( 75,$/ QRZ DW ZZZODWLQILQDQFHFRPWULDO
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Latin Finance - March/April 2010

Table of Contents for the Digital Edition of Latin Finance - March/April 2010
