ABC Brasil Hits the “Non-Deal” Road

Banco ABC Brasil has launched a “non-deal” roadshow that will visit the eastern US and Europe, according to investors. One-on-one meetings began in Switzerland Wednesday, and the tour for the first time issuer will hit Lisbon by the end of the week, before visiting London and finishing up in the US Wednesday. HSBC, Itau and Santander are managing the process. The mid-size corporate credit specialist controlled by the Arab Banking Corporation has been rumored to be looking for a dollar bond, after planning one last year prior to the crisis. A mandate was rumored, but there was no size or tenor. Smaller Brazilian banks tend to issue $50m-$150m at 1-3 years.