CORRECT: BM&FBovespa Whispers Price on 10-Year

Brazil’s BM&FBovespa is pricing today an issue of $612m in 10-year bonds, whispered at T+275bp area, according to people close to the trade. The book was heard exceeding $1bn Thursday afternoon. Proceeds will be used to finance the acquisition of a 5% stake in US-based CME Group. In February, BM&FBovespa raised its ownership in the CME to 5.0% from 1.8%. Bank of America Merrill Lynch, Bradesco, HSBC and JPMorgan are the leads on the BBB+/Baa2 bond issue.