Santander Brasil Adds Greenshoe

Santander Brasil has added $50m to Thursday’s reopening of its 2017 bonds, bringing the total to $550m. The Asian market addition drew more $300m in demand, according to sources familiar with the transaction. The bank reopened the Baa1/BBB 4.625%-coupon bonds Thursday at 101.291 to yield 4.30%, or UST+362.5bp. Bank of America Merrill Lynch, Credit Agricole, Santander and Standard Chartered managed.