BancoEstado placed a USD$500 millions bond at a 10 years term with a biannual interest rate in international markets - US, Europe and Asia.

As informed by this financial institution, the bond will have a unique capital maturity set at the tenth year. The placement rate was equivalent to 170 base points over the benchmark of American treasury.

The institution underlined that the log book counted on more than 100 foreign investors and had a demand over 3,5 times the amount of the issuance. The interest shown by investors reflects BancoEstado’s capital soundness, solvency and strength.

In the statement, BancoEstado mentioned that this placement in international markets opens new financial opportunities, and allows them to continue supporting clients’ needs, especially the ones whose incomes are dollar-related.