Safra Leasing Completes Brazil’s Largest Debenture Offering

Brazilian Safra Leasing, part of local Banco Safra, has completed the country’s largest single debenture offering to date, issuing 5 billion reais ($2.26 billion) of long-term unsecured non-convertible bonds. The bonds, which mature in July 2015, carry an annual interest rate linked to the local interbank rate. The issue was coordinated by Banco Safra de Investimentos SA.