BTG Pactual has reinforced its position as Brazil’s leading independent investment bank by issuing a $500 million international bond and by raising one of the biggest private equity funds in Latin America.
On June 30, the bank’s Cayman Islands branch priced the US dollar-denominated five-year bond, yielding 5%. It was heavily oversubscribed, with demand reaching $1.25 billion.
BTG Pactual had been working on the deal since last year but only offered it after the Cayman Islands office was authorized as a bank branch on June 13.
Thanks for your interest in Euromoney!
To unlock this article:
