BTG Targets Tier 2

BTG Pactual is targeting a Tier 2 bond, according to Fitch, which assigns a BB rating to the transaction. A maturity of 10 years is expected for the bank roadshowing through Thursday. BTG Pactual, Citi and Deutsche Bank. The potential deal comes at the same time the bank considers a global Colombian peso-denominated transaction. Bradesco, BTG, Celfin Capital and Deutsche are handling that process, which could result in the first COP-denominated deal for a Brazilian issuer.