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Banco do Brasil to issue up to $750M in senior bond

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Banco do Brasil to issue up to $750M in senior bond

Banco do Brasil SA on March 13 will issue a senior bond worth between $500 million and $750 million, Valor Econômico reported.

The note will have a term of five years and an initial annual yield of about 5%, two sources told the publication.

Funds from the offering will be used for general purposes.