Caixa Hunting up to $1bn

Brazil’s Caixa Economica Federal, roadshowing this week, is targeting a $1bn 2022 bond, according to Moody’s. The agency assigns a Baa1 rating to the deal, which comes under a $5bn program. The government-owned lender will visit the US, Europe and Asia today through Thursday, ahead of what is to be a debut issuance. Bank of America Merrill Lynch, Deutsche Bank and HSBC are managing the potential Baa1/BBB sale.