Bloomberg News

Brazil’s Banco BMG to Sell Five-Year Bonds to Yield 9.75%

March 12, 2012

Banco BMG SA, the Brazilian lender that collects payments via payroll deductions, plans to sell five-year dollar-denominated bonds overseas to yield about 9.75 percent, according to a person familiar with the transaction.

The Belo Horizonte-based bank hired Barclays Plc (BARC) and BCP Securities LLC to arrange the sale, said the person, who asked not to be identified because terms aren’t set.

To contact the reporter on this story: Veronica Navarro Espinosa in New York at vespinosa@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net


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