Brazil sets final guidance on seven-year euro bond
LONDON, March 27 (IFR) - The Federative Republic of Brazil has set the final guidance on its upcoming issue of a benchmark-sized euro-denominated bond offering.
The sovereign, rated Baa2/BBB-/BBB, has set a price range of between 165bp and 170bp over mid-swaps for the deal, tight to initial price thoughts of 175bp area.
Order books on the issue, which matures on April 1 2021, are expected to close at 1300 GMT.
BB Securities, JP Morgan and Santander GBM are the lead managers on the SEC-registered transaction, which is expected to launch and price later today. (Reporting by Davide Scigliuzzo; Editing by Philip Wright)
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