BTG Hits the Road

BTG Pactual plans to meet fixed-income investors this week in Europe and the US, testing the market for dollar-denominated issuance at the same time the bank is separately considering Colombian peso-denominated debt. The Brazilian bank’s roadshow, officially non-deal, begins in London and Boston on Wednesday, followed by New York and Los Angeles Thursday. BTG last visited the bond market last year, pricing a $500m 2016 bond which was trading to yield at 3.75% as of Monday, according to traders. Bradesco, BTG Pactual, Citi and Deutsche Bank are managing the process. The bank was also rated last week for 5-year COP-denominated bonds. BTG, Celfin Capital and Deutsche are handling that process, which could result in the first COP-denominated deal for a Brazilian issuer.