BdB Tests Dim Sum Market

Banco do Brasil has become the first Latin American bank to tap the Dim Sum bond market, with a small CNH 166m ($26m) transaction. The Brazilian lender priced the 2-year bond at par with a 3.5%, according to Dealogic data. Barclays led the transaction. The sale follows America Movil’s CNH1bn 3-year bond, which came at 3.5% in February.