BdB Adds Asia Greenshoe

Banco do Brasil has added $175m to its 10-year senior bond, exercising the 10% greenshoe option during Asian market hours and bringing the total issue size to $1.93bn. Banco do Brasil priced the new 2022 senior unsecured bond Tuesday at 98.978 with an 3.875% coupon to yield 4.000%, or UST +237bp, tight to 4.125%-area guidance revised from earlier 4.375%-area initial talk. Banco do Brasil, BNP Paribas, Bradesco, BTG Pactual, Citi and JPMorgan led the transaction, with Banco Safra and Mizuho as co-managers.