PanAmericano Closes its Foreign Issue of US$ 300 Million

SAO PAULO, July 29 /PRNewswire/ -- Banco PanAmericano, a financial institution that is part of the Silvio Santos Group in Brazil, closed its issue of senior debt (Medium Term Notes) in the international markets, where the banks Itau, Bradesco, UBS Investment Bank and Standard Bank were the coordinators. The amount made available was US$ 300 million. The demand for the notes was so great that the volume of requests reached US$ 2.02 billion (almost seven times the amount available). The term of issue is for 5 years, with a 5.5% coupon p.a. and yield 5.625% p.a.

The interest in the PanAmericano notes was so great that the books were closed in only two and a half days. Additionally, the high demand allowed the bank to lower the initial rate indicator. The resources will be utilized to improve the bank's capital structure and to expand its credit portfolio, according to Wilson Roberto de Aro, Financial Director and Director of Investor Relations at Banco PanAmericano.

Even without holding a physical road show, more than 170 different investors participated in this deal. Of unique interest is the strong geographical and investor type diversification, with many investors participating in a PanAmericano deal for the first time. Today's issue is part of Banco PanAmericano's Program of US$ 500 million in Medium Term Notes and will be listed on the Irish Stock Exchange. Moody's gave the operation a rating of Ba2 (Positive outlook).

Disclaimer: This press release does not constitute a securities offering for sale in the United States or in any other place. The securities mentioned above will not be registered under the U.S. Securities Act of 1933, referred to as the "Securities Act", and cannot be offered or sold in the United States without having been registered under the Securities Act or with an exemption from the said Act. Any public security offering made in the United States must be performed if a prospectus can be obtained from the issuer, which must contain information about the issuer, including certain statistical information and other economic information. No public security offering will be made in the United States, and the issuer has no intention of registering any part of the offering in the United States.

SOURCE Banco PanAmericano