Votorantim Issues Eurobonds

Brazil´s Banco Votorantim completed a $100 million issuance of five-year, floating rate Eurobonds. The bank originally planned to sell $50 million of the bonds but upped the issuance in the face of strong demand. The bonds were priced at 99.90% of face value, with the coupon 200 basis points over 3-month Libor. The lead managers of the sale were BNP Paribas and Banco Bradesco.