Banco Safra taps international markets with US$300mn issue

Thursday, May 12, 2011

Brazil's Banco Safra has sold US$300mn worth of three-year bonds on the international markets.

The bonds have a coupon of 3.5% and will pay investors a yield of 3.55%, local news service Agência Estado reported.

The issues was rated Baa2 by Moody's and was arranged by Safra, Barclays and UBS (NYSE: UBS).

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