BdB Plans European Trip

Banco do Brasil (BdB) is preparing to meet investors in Europe, according to people following the process. A roadshow runs Friday through Tuesday and hits London, the Netherlands, Paris and Germany. Banco do Brasil, Bradesco, Deustche Bank, HSBC, JPMorgan and Santander are managing. If a deal follows, it would be the bank’s first EUR sale since 2011, when it raised EUR750m ($983m). CFO Ivan Monteiro told LatinFinance in January that the bank would focus on diversification of debt funding this year, with Japan and local LatAm currencies such as Chilean pesos among the options in addition to euros and dollars. The bank sold $2bn in tier 1 perpetual NC11 bonds in January. BdB joins Jamaica on the road in Europe next week. Elsewhere in the DCM, Brazil’s Minerva has wrapped up a roadshow, though no announcements were heard as of late Wednesday after a challenging session featuring selloffs in the US, Brazilian and Mexican equity markets.