LONDON -- Banco de Boston, the Brazilian branch of Bank of Boston, has launched a $70 million Eurobond issue with Salomon Brothers International as lead manager. The bonds mature on Oct. 11, 2001, and pay a coupon of 8% semiannually.
There are put and call options on Oct. 11, 1996. Issue and fixed reoffer price is 99.947 to give a yield to put of 383 basis points over U.S. Treasury bonds. Fees total 1%, evenly split between management and underwriting, and selling.
The bonds will be listed in Luxembourg in denominations of $1,000, $10,000, and $100,000.