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Report: Banco Votorantim raises $850M in return to debt market

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Report: Banco Votorantim raises $850M in return to debt market

Banco Votorantim SA raised $850 million through a dual-tranche bond issuance on Sept. 17, Valor Econômico reported, citing two sources with knowledge of the matter.

The first tranche was $400 million of three-year securities yielding 4% per year, while the second was $450 million of five-year notes at 4.5% per year.

The total amount generated exceeded the bank's initial estimate of $600 million. This reportedly marks Banco Votorantim's first debt issuance since 2017.

Banco do Brasil and JPMorgan are among the institutions that managed the offering, according to the report.