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Banco do Brasil issues senior debt worth $750M

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Banco do Brasil issues senior debt worth $750M

Banco do Brasil SA said it issued $750 million of senior debt through its euro medium-term note program.

The notes, which mature March 20, 2024, and carry a coupon of 4.75% per year, were offered abroad to institutional investors, the bank said.

Brazilian newspaper Valor Econômico earlier reported that proceeds from the issuance will be used for general purposes.