A recent 10-year transaction by Banco do Brasil augurs well for longer-dated unwrapped Brazilian bank deals, sources said.

Despite talk that lead manager Deutsche Bank was initially having trouble getting a chunk of the paper off its book at the 6.55% pricing, players said the US$250 million deal proved appetite is there for maturities beyond the standard seven-year. "It's a sign of confidence in these institutions," said a market source active in the sector.

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