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International bonds: Banco Votorantim, 7.375% 21jan2020, USD (USP1516SFE11)

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Senior Subordinated Unsecured

Status
Matured
Amount
866,871,000 USD
Placement
***
Redemption (put/call option)
*** (-)
ACI on
Country of risk
Brazil
Current coupon
-
Price
-
Yield / Duration
-
Calculate in two clicks! yield, duration and other parameters
Calculate in two clicks! yield, duration and other parameters
Calculator What is a calculator?
  • Placement amount
    1,150,000,000 USD
  • Outstanding amount
    866,871,000 USD
  • Minimum Settlement Amount
    100,000 USD
  • ISIN RegS
    USP1516SFE11
  • Common Code RegS
    047997402
  • CFI RegS
    DBFUFR
  • FIGI RegS
    BBG0000DNRR6
  • SEDOL
    B5Q7258
  • Ticker
    BANVOR 7.375 01/21/20 REGS

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Issue information

Profile
Banco Votorantim S.A. operates as a full fledge bank since 1991 and is the 7th largest Brazilian Bank by Assets according to the Brazilian Central Bank web site www.bcb.gov.br. Headquartered in Sao Paulo, with 17 corporate ...
Banco Votorantim S.A. operates as a full fledge bank since 1991 and is the 7th largest Brazilian Bank by Assets according to the Brazilian Central Bank web site www.bcb.gov.br. Headquartered in Sao Paulo, with 17 corporate Branches and 1.308 (jun/09) employees.. The Bank is 50.01% owned by their founder Group Votorantim (one of the largest conglomerates in Latam) with strategic alliance with Banco do Brasil S.A. for 49.99% of common shares since January 09. Main subsidiaries are BV Financeira (consumer finance), Votorantim Asset Management and Votorantim Corretora (Brokerage house for BM&F and Bovespa).
  • Borrower
    Go to the issuer page
    Banco Votorantim
  • Full borrower / issuer name
    Banco Votorantim
  • Sector
    Corporate
  • Industry
    Banks
Volume
  • Placement amount
    1,150,000,000 USD
  • Outstanding amount
    866,871,000 USD
Face value
  • Minimum Settlement Amount
    100,000 USD
  • Outstanding face value
    *** USD
  • Increment
    *** USD
  • Face value
    1,000 USD
Listing
  • Listing
    ***

Cash flow parameters

  • Reference rate
    ***
  • Coupon Rate
    ***
  • Day count convention
    ***
  • Interest Accrual Date
    ***
  • Coupon frequency
    *** time(s) per year
  • Payment currency
    ***
  • Maturity date
    ***

Cash flow

Calculations for international bonds are made according to the minimum trading lot

Early redemption terms

***

Auctions and additional placements

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Placement

  • Placement method
    Open subscription
  • Placement
    *** - ***
  • Initial issue amount
    *** USD
  • Initial issue price (yield)
    (***%)
  • Geographic breakdown
    ***
  • Investor breakdown
    ***
  • The purpose of placing
    The net proceeds of the issue of the Additional Notes will be approximately U.S.$407.2 million (including accrued interest from July 21, 2010 to July 26, 2010 and after deducting fees, commissions and expenses) and will be used by us for general corporate purposes. We will apply to the Central Bank to treat the Additional Notes as Tier 2 Capital. We will agree to use the net proceeds from the offer and sale of the Additional Notes for our general corporate purposes. The company intends to apply to the Central Bank to treat the principal amount of the Additional Notes as Tier 2 Capital.
Participants
  • Bookrunner
    ***, ***, ***, ***, ***

Conversion and exchange

  • Conversion terms
    ***

Covenants

  • Change of Control

    ***

  • Collective Action Clause

    ***

  • Covenant Suspension/Fall-Away

    ***

  • Cross Default

    ***

  • Designation of Restricted and Unrestricted Subsidiaries

    ***

  • Events of Default

    ***

  • Financial Covenants

    ***

  • Limitation on Business Activities

    ***

  • Limitation on Dividend and Other Payment Restrictions Affecting Restricted Subsidiaries

    ***

  • Limitation on Indebtedness

    ***

  • Limitation on Investments

    ***

  • Limitation on Liens

    ***

  • Limitation on Restricted Payments

    ***

  • Limitation on Sale of Assets

    ***

  • Limitation on Sale/Leaseback

    ***

  • Limitation on Subsidiary Debt

    ***

  • Limitation on layering (anti-layering)

    ***

  • Limitations on transactions with affiliates

    ***

  • Merger Restrictions

    ***

  • Others

    ***

  • Rating Trigger

    ***

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Additional information

Latest issues

Identifiers

  • ISIN RegS
    ***
  • ISIN 144A
    ***
  • CUSIP RegS
    ***
  • CUSIP 144A
    ***
  • Common Code RegS
    047997402
  • Common Code 144A
    047997356
  • CFI RegS
    DBFUFR
  • CFI 144A
    DBFUGR
  • FIGI RegS
    BBG0000DNRR6
  • FIGI 144A
    BBG00008P325
  • WKN RegS
    A1ASEV
  • WKN 144A
    A1ASDY
  • SEDOL
    B5Q7258
  • Ticker
    BANVOR 7.375 01/21/20 REGS
  • Type of security by CBR
    ***

Bond classification

  • Senior Subordinated Unsecured
  • Registered
  • Coupon bonds
  • Subordinated
  • Amortization
  • Callable
  • CDO
  • Convertible
  • Dual currency bonds
  • Variable rate
  • For qualified investors (CIS region)
  • Foreign bonds
  • Green bonds
  • Guaranteed
  • Inflation-linked principal
  • Supranational bond issues
  • Inflation-linked coupon
  • Mortgage bonds
  • Perpetual
  • Payment-in-kind
  • Non-Marketable Securities
  • Redemption Linked
  • Restructuring
  • Retail bonds
  • Covered
  • Securitization
  • Structured product
  • Commercial Bonds
  • Sukuk
  • Trace-eligible

Restructuring

***

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