IFC has launched its first Brazilian reais “Amazônia” bond issue in the Brazilian domestic capital markets. This will help deepen local markets and promote access to local currency financing for businesses.
This is the first domestic bond offering in the country by a non-Brazilian issuer, and it should help pave the way for future foreign issuers and further develop the domestic fixed-rate bond market. It also represents the first fixed-rate domestic bond offering other than issuances by the government and Brazil's state-owned development bank.
The bond carries an 11.96 percent rate, with a final maturity date of January 3, 2011. Banco ABN AMRO Real S.A. and Banco Itau BBA S.A. were the arrangers. The issue, which was 2.5 times oversubscribed, was widely distributed, with nearly 20 local investors participating.
Learn more from the related press release...
For more information contact:
In Washington, D.C.:
Adriana Gomez
Phone: +1 (202) 458 5204
E-mail: agomez@ifc.org
In Sao Paulo:
Karina Manasseh
Phone: +55 11 5185 6881
E-mail: kmanasseh@ifc.org
Published on November 1, 2007
