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Brazil tightens price talk on global dollar bond -sources
October 23, 2013 / 5:44 PM / in 4 years

Brazil tightens price talk on global dollar bond -sources

NEW YORK, Oct 23 (IFR) - The Federative Republic of Brazil has tightened guidance on a benchmark-sized global bond due in January 2025 to Treasuries plus 180bp-185bp as new cash books climbed in excess of US$6 billion, sources familiar with the deal said on Wednesday.

Initial price thoughts had been set at Treasuries plus 200bp earlier in the day.

The sovereign, rated Baa2/BBB/BBB, has also opened a tender offer on eight outstanding global bonds worth a combined US$12.59bn.

Bradesco BBI, Deutsche Bank and HSBC are the bookrunners on the SEC-Registered transaction. (Reporting by Paul Kilby; Editing by Natalie Harrison)

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