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Brazil's Banco Daycoval has sold so-called letras financeiras (LF) bonds worth close to 250mn reais (US$142mn), the bank said in a statement.
LF bonds must have a minimum two-year tenor. They were introduced to meet the country's need for financial instruments with longer maturities.
The Daycoval bonds mature in November 2013.
Investment funds picked up the vast majority of the bonds, while a minor portion was purchased by retail investors, financial institutions and pension funds.