New Issue-Banco Pine sells $125 mln in notes

Feb 1 (BestGrowthStock) – Banco Pine SA (PINE4.SA: ) late on Monday
sold $125 million of subordinated notes in the 144a private
placement market, said IFR, a Thomson Reuters service.

HSBC, Credit Suisse, and Banco Espirito Santo de
Investimento were the joint bookrunning managers for the sale.
BORROWER: BANCO PINE SA
AMT $125 MLN COUPON 8.75 PCT MATURITY 1/6/2017
TYPE SUB NOTES ISS PRICE 98.748 FIRST PAY 7/6/2010
MOODY’S Ba3 YIELD 9.00 PCT SETTLEMENT 2/8/2010
S&P N/A SPREAD 588 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE

Penny Stocks

New Issue-Banco Pine sells $125 mln in notes