BTG on the Road

BTG Pactual, a Brazilian bank, is meeting with fixed-income investors on a non-deal roadshow next week for a potential USD bond. The size of the deal has not yet been determined though Fitch anticipates a 5-year, senior unsecured issue. BTG Pactual, Bradesco and JPMorgan are leads. Meetings are scheduled in London and Los Angeles on Monday, and in London, Boston and Switzerland on Tuesday before wrapping up in New York on Wednesday. The issuance is part of a global medium-term bond program of up to $3bn with proceeds to be used to enable new business generation, Fitch says. The bank is rated Baa3/ BBB minus.