Banif IB - Mercados Financeiros - Fecho 29112013

MERCADOS
FINANCEIROS
FECHO
sexta-feira, 29 de Novembro de 2013
1. Mercados
As principais praas Europeias fecharam a sesso mistas O ndice Portugus, PSI-20, fechou a valorizar 0,47%.
No PSI-20, destaque para o BCP, com uma valorizao de 2,77%, para o BPI que fechou a ganhar 0,94% e para o BES que
encerrou a sesso com uma variao positiva de 0,68%.
A taxa de desemprego em Portugal desceu em outubro, pelo oitavo ms consecutivo, para os 15,7%, de acordo com os
dados divulgados pelo Eurostat, que reviu em baixa os valores dos ltimos meses.
O Banco de Portugal (BdP) autorizou a criao de um banco postal, desde que seja cumprido um "conjunto de condies", depois de os CTT terem apresentado o pedido ao regulador bancrio no incio do ms no mbito da privatizao
dos Correios.
A Standard & Poors decidiu retirar o rating mximo Holanda, considerando que as perspectivas para a economia so
mais fracas. J Espanha viu o outlook melhorado para estvel devido a estabilizao da economia e aos cortes de
despesas.
As vendas a retalho na Alemanha caram em outubro 0,8% em relao a setembro, pelo segundo ms consecutivo, anunciou hoje o instituto de estatstica federal alemo Destatis.
hora de fecho das praas europeias, os mercados norte-americanos seguiam positivos (Dow Jones 0,26%; S&P 0.28%;
Nasdaq 0,56%)
Fonte: Bloomberg, DE, JN e OJE.
Principais ndices:
PSI20:
C otao
MEXBOL
0,71%
BOVESPA
NASDAQ COMPOSITE
0,69% 0,1302
BCP
1,1870
BPI
0,39%
S&P 500
0,28%
DOW JONES
0,26%
DAX
0,19%
-0,06%
CAC 40
-0,17%
Euro Stoxx 50
-0,19%
IBEX 35
-0,23%
FTSE MIB
BANIF
0,47%
HANG SENG INDEX
NIKKEI 225
0,0098
0,56%
PSI 20 INDEX
FTSE 100
Sectores (ndices STOXX 600):
-0,41%
-0,41%
-1
%
0%
0%
0%
0%
0%
1%
1%
2,8900
1,0300
0,6480
27,48%
Qumicos
0,70%
Sade
2,77%
0,35%
Viagens&Lazer
0,94%
0,33%
Servios Fin.
0,14%
PTI
0,70%
BES
0,68%
Media
0,08%
SONI
0,62%
Bancos
0,07%
8,0580
SEM
0,46%
Retalho
0,02%
12,1950
GALP
0,37%
Automvel
0,02%
2,7850
EDP
0,36%
Europa Stoxx 600
-0,01%
2,5410
SNC
0,36%
Petrleo&Gs
-0,01%
5,1000
ESF
0,20%
5,3380
ZON
0,15%
2,2430
RENE
0,13%
15,2000
JMT
0,13%
1,0970
SON
0,09%
3,9340
EDPR
0,5380
CFN
3,3070
PTC
2,5290
ALTR
4,4410
EGL
Banif Banco de Investimento, S.A.

Sede: Avenida 24 de Julho, n 98, 1200-870 Lisboa Portugal
Tlf: 351 21 381 62 22 | Fax: 351 21 381 62 01 | Capital: EUR 85.000.000
Nmero nico de registo e de pessoa coletiva: 502 261 722
www.banifib.com
Bens Alimentares
-0,02%
Seguros
-0,05%
Telecom
0,03%
0,00%
-0,39%
Bens Industriais
-0,19%
Elctricas
-0,21%
Consumo Cclico
-0,23%
Cons&Mat
-0,24%
Tech
-0,43%
Recuros Bas.
-3,25%
-5
%
0%
5%
10%
15%
20%
25%
30%
-0,18%
-0,48%
-0,64%
-1
%
0%
1%
Fonte: Bloomberg.
Preos hora de fecho dos mercados Europeus.
MERCADOS
FINANCEIROS
FECHO
2. Mercado Cambial e Monetrio:

08: 00
17: 00
Compr a
V enda
COT A O IND.
BdP ( )
C MBIOS
COT A O DE ME RCA DO ( )
COT A O BA NIF ( )
MOE D A
V A RIA O
5D
USD
1,3606
1,3599
1,3591
1,3631
1,3611
3,08%
0,30%
CA D
1,4398
1,4415
1,4374
1,4414
1,4394
-9,16%
-1,11%
GBP
CHF
JPY
DKK
NOK
0,8327
1,2319
139,20
7,4587
8,2838
0,8308
1,2308
139,35
7,4595
8,3233
0,8308
1,2278
139,21
7,4569
8,3180
0,8348
1,2318
139,21
7,4609
8,3220
0,8328
1,2298
139,21
7,4589
8,3200
-2,28%
-1,87%
-17,86%
0,01%
-11,79%
0,57%
-0,11%
-1,49%
-0,02%
-1,25%
SE K
8,9034
8,9114
8,9055
8,9095
8,9075
-3,72%
0,12%
LIBOR ( London Inter bank Offer Rate)

2 Meses
3 Meses
6 Meses
T axa de Jur o ( mdia)

T /N
1 Sem
1 Ms
E UR
USD
0,2000
0,1200
0,1000
0,1500
0,1314
0,1683
0,1543
0,2070
0,1900
0,2391
0,2707
0,3468
0,1543
0,2070
GBP
CHF
JPY
NOK
0,4800
0,0200
0,0700
1,5550
0,4200
0,0000
0,0700
1,4800
0,4881
-0,0070
0,1114
0,0300
0,5013
0,0040
0,1293
0,1150
0,5222
0,0150
0,1436
0,1750
0,5994
0,0694
0,2054
0,4250
0,5013
0,0040
0,1293
0,1150
CA D
1,0750
1,0550
0,1314
0,1543
0,1900
0,2707
0,1543
INDE X A NT E S
E ntidade
BCE
T BA
V A RIA O
YT D
T axa
0,250%
0,251%
12 Meses
T axa Euribor 360
Ult. A lter ao
13-11-2013
30-10-2013
0,1270
0,125
0,130
0,166
0,197
0,234
EONIA
1 Sem
2 Sem
1M
2M
3M
0,330
0,381
0,421
0,267
4M
6M
7M
9M
0,501
12 M
hora de fecho das bolsas europeias o Euro/Dlar seguia a depreciar nos 1,3599 (-0.06%).
Fonte: Reuters, Banif SA
Centro Mercados Financeiros (FX & MM)

Antnio Teixeira
+351217211228

www.banifib.com
antonio.teixeira@banif.pt
2
Fonte: Bloomberg, Banif S.A.

Preos indicativos de 29-11-13 @ 17:00.
Banif Investment Bank @ Bloomberg: BANI <GO>
MERCADOS
FINANCEIROS
FECHO
3. Mercados Accionistas - Cotaes

Praa / Ttulo
Ultimo
Preo
Variao
%
Volume
Fecho
Dia Anterior
Abertura
Mximo
Mnimo
Preo
Mdio
Variao
YTD %
6.537,77
9.837,60
9.405,30
4.295,21
19.021,48
6.650,57
3.086,64
396,55
7.331,81
1.195,68
16.139,65
1.812,29
4.067,54
52.204,06
1.405,89
1.479,35
0,47%
-0,23%
0,19%
-0,17%
-0,41%
-0,06%
-0,19%
-0,05%
-0,66%
1,26%
0,26%
0,28%
0,56%
0,69%
0,21%
-0,01%
550.846.272
178.604.576
54.326.204
49.972.552
644.211.904
458.987.200
360.252.544
43.840.280
49.712.584
23.394.934
65.742.940
372.695.488
350.232.960
241.658.896
116.986.060.800
146.076.319.744
6.507,00
9.859,80
9.387,37
4.302,42
19.099,36
6.654,47
3.092,42
396,75
7.380,15
1.180,77
16.097,33
1.807,23
4.044,75
51.846,83
1.402,93
1.479,35
6.521,64
9.876,00
9.378,55
4.297,96
19.091,30
6.654,47
3.091,03
396,14
7.360,75
1.180,45
16.105,16
1.808,69
4.057,16
51.846,83
1.402,93
n.d.
6.541,54
9.923,30
9.424,62
4.310,66
19.178,60
6.681,57
3.097,94
397,30
7.370,92
1.195,68
16.174,51
1.813,55
4.069,18
52.433,00
1.405,89
n.d.
6.495,38
9.824,60
9.376,58
4.294,39
19.021,48
6.648,53
3.086,15
395,90
7.329,03
1.173,22
16.103,94
1.808,60
4.055,45
51.846,83
1.402,23
n.d.
n.d.
n.d.
n.d.
n.d.
n.d.
n.d.
n.d.
n.d.
n.d.
n.d.
n.d.
n.d.
n.d.
n.d.
n.d.
n.d.
15,61%
20,45%
23,55%
17,97%
16,89%
12,76%
17,10%
15,71%
26,38%
31,70%
23,16%
27,07%
34,71%
-14,35%
-7,93%
0,31%
2,529
1,187
0,1302
1,030
0,0098
0,538
5,100
3,934
2,785
12,195
15,200
4,441
2,890
3,307
2,243
8,058
1,097
0,648
2,541
5,338
-0,43%
0,94%
2,76%
0,68%
27,27%
0,00%
0,20%
0,03%
0,36%
0,37%
0,13%
-3,25%
0,70%
-0,39%
0,13%
0,46%
0,09%
0,62%
0,36%
0,15%
257.415
1.611.136
154.402.926
12.157.172
1.068.141.393
61.583
25.551
292.686
2.136.166
930.803
531.908
430.040
222.070
4.936.530
431.978
20.250
1.866.715
339.815
115.760
712.153
2,540
1,176
0,1267
1,023
0,0077
0,538
5,090
3,933
2,775
12,150
15,180
4,590
2,870
3,320
2,240
8,021
1,096
0,644
2,532
5,330
2,545
1,182
0,1280
1,025
0,0078
0,545
5,090
3,922
2,780
12,150
15,100
4,591
2,865
3,340
2,240
8,024
1,096
0,650
2,543
5,310
2,547
1,199
0,1307
1,034
0,0099
0,545
5,100
3,965
2,789
12,270
15,280
4,591
2,900
3,349
2,250
8,060
1,110
0,650
2,552
5,372
2,512
1,173
0,1268
1,020
0,0078
0,535
5,031
3,922
2,765
12,150
15,095
4,411
2,865
3,244
2,240
8,000
1,094
0,638
2,518
5,282
2,521
1,188
0,1289
1,028
0,0088
0,539
5,070
3,949
2,784
12,210
15,215
4,473
2,889
3,292
2,250
8,024
1,102
0,643
2,531
5,331
59,26%
25,87%
73,60%
15,08%
-93,29%
-8,66%
-3,41%
-1,50%
21,62%
3,70%
4,11%
183,41%
32,41%
-11,79%
9,15%
41,62%
59,68%
32,52%
71,57%
79,73%
2,550
0,250
6,520
1,140
0,250
0,820
0,340
0,890
0,39%
-3,85%
0,00%
0,00%
0,00%
-1,20%
-5,56%
-1,11%
235.940
67.550
400
38.720
837.352
92.088
904.597
74.294
2,540
0,26
6,520
1,140
0,250
0,830
0,360
0,900
2,540
0,26
6,520
1,140
0,250
0,830
0,370
0,910
2,560
0,26
6,520
1,220
0,250
0,840
0,370
0,910
2,510
0,25
6,520
1,120
0,250
0,790
0,340
0,880
2,548
0,2591
6,520
1,155
0,250
0,815
0,347
0,886
-26,30%
127,27%
63,00%
267,74%
108,33%
46,43%
161,54%
178,13%
4,277
4,688
19,330
6,543
12,110
-1,45%
-0,36%
0,26%
-0,62%
0,00%
16.334.919
32.635.038
6.587.832
52.646.598
10.803.942
4,340
4,705
19,280
6,584
12,110
4,330
4,700
19,255
6,603
12,155
4,398
4,730
19,400
6,638
12,250
4,277
4,674
19,255
6,530
12,110
4,342
4,699
19,331
6,582
12,155
45,97%
15,51%
26,05%
7,26%
18,84%
NDICES
PSI 20 INDEX
IBEX 35 INDEX
DAX INDEX
CAC 40 INDEX
FTSE MIB INDEX
FTSE 100 INDEX
SX5E Index
AEX-Index
OMX HELSINKI INDEX
ASE Index
DOW JONES INDUS. AVG
S&P 500 INDEX
NASDAQ COMPOSITE INDEX
BRAZIL IBOVESPA INDEX
RUSSIAN RTS INDEX $
MICEX INDEX
PORTUGAL
PSI-20
Altri SGPS SA
Banco BPI SA
Banco Comercial Portugues SA
Banco Espirito Santo SA
BANIF - Banco Internacional do
Cofina SGPS SA
Espirito Santo Financial Group
EDP Renovaveis SA
EDP - Energias de Portugal SA
Galp Energia SGPS SA
Jeronimo Martins SGPS SA
Mota-Engil SGPS SA
Portucel SA
Portugal Telecom SGPS SA
REN - Redes Energeticas Nacion
Semapa-Sociedade de Investimen
Sonae
Sonae Industria SGPS SA
Sonaecom - SGPS SA
ZON OPTIMUS SGPS SA
Outros
Cimpor Cimentos de Portugal SG
GLINTT - GLOBAL
IBERSOL SGPS SA
Impresa SGPS SA
INAPA - Investimentos Particip
Martifer SGPS SA
Grupo Soares da Costa SGPS SA
Teixeira Duarte SA
ESPANHA
Banco Popular Espanol SA
Iberdrola SA
Repsol SA
Banco Santander SA
Telefonica SA

www.banifib.com
Fonte: Bloomberg.
MERCADOS
FINANCEIROS
FECHO
Ultimo
Preo
Variao
%
Volume
Fecho
Dia Anterior
Abertura
Mximo
Mnimo
Preo
Mdio
Variao
YTD %
61,000
11,685
7,470
10,695
10,930
127,850
35,490
150,300
161,000
195,300
-0,07%
0,26%
0,46%
2,79%
1,63%
0,04%
1,11%
1,01%
0,34%
0,15%
2.186.229
6.783.970
4.294.288
1.130.446
8.300.572
930.811
4.985.179
459.729
537.129
495.079
61,040
11,655
7,436
10,405
10,755
127,800
35,100
148,800
160,450
195,000
61,000
11,630
7,444
10,380
10,790
127,800
35,175
149,150
160,600
194,900
61,250
11,690
7,489
10,945
11,020
128,550
35,680
150,900
161,600
195,650
60,820
11,605
7,443
10,380
10,760
127,350
35,110
148,800
160,100
194,400
61,020
11,666
7,469
10,646
10,922
127,940
35,468
150,081
160,901
195,109
47,63%
35,95%
21,88%
257,33%
1,91%
21,99%
7,71%
13,86%
18,38%
13,45%
3,115
27,025
28,960
9,615
5,790
0,81%
1,22%
-0,19%
0,51%
-1,18%
40.063.836
1.373.111
1.495.224
5.848.336
2.339.666
3,090
26,700
29,015
9,566
5,859
3,093
26,770
28,785
9,574
5,887
3,122
27,360
29,110
9,642
5,916
3,025
26,770
28,700
9,541
5,790
3,079
27,103
28,948
9,601
5,830
227,28%
-10,32%
49,70%
15,30%
7,86%
5,340
1,780
3,348
17,710
0,718
-1,48%
-0,56%
-1,06%
-0,23%
4,51%
41.114.159
104.307.548
23.232.254
5.707.221
184.851.767
5,420
1,790
3,384
17,750
0,687
5,430
1,794
3,370
17,750
0,691
5,470
1,804
3,392
17,870
0,720
5,340
1,776
3,348
17,710
0,687
5,407
1,791
3,367
17,782
0,708
44,09%
36,92%
6,69%
-3,44%
5,12%
13,400
68,890
9,558
26,345
6,539
0,19%
-0,25%
-0,09%
0,53%
-0,34%
2.662.500
717.665
6.868.191
1.934.203
3.989.747
13,375
69,060
9,567
26,205
6,561
13,335
69,100
9,567
26,125
6,561
13,425
69,290
9,600
26,380
6,583
13,330
68,840
9,528
26,125
6,530
13,397
69,033
9,573
26,325
6,550
32,22%
43,52%
35,36%
32,42%
36,14%
21,870
75,150
1,02%
-0,08%
530.479
999.350
21,650
75,210
21,690
75,200
21,965
75,530
21,660
75,050
21,832
75,224
-1,51%
14,31%
5,960
-0,67%
10.037.770
6,000
5,970
5,995
5,960
5,974
103,69%
556,190
12,610
53,240
21,300
23,830
49,890
31,870
1,87%
-0,16%
0,36%
0,14%
-0,29%
0,12%
-0,03%
7.503.329
127.720
5.867.538
15.225.396
6.705.231
3.036.718
4.417.798
545,960
12,630
53,050
21,270
23,900
49,830
31,880
549,480
12,730
53,110
21,390
23,900
49,790
31,880
557,330
12,840
53,590
21,440
23,990
49,950
32,020
547,810
12,570
53,110
21,270
23,820
49,480
31,790
552,036
12,658
53,392
21,316
23,922
49,858
31,928
4,51%
49,76%
34,58%
8,40%
15,57%
21,86%
27,08%
CCR SA
18,390
-0,86%
1.769.100
Vale SA
32,640
1,05%
8.244.500
Petroleo Brasileiro SA
19,230
3,05%
22.150.800
Itau Unibanco Holding SA
32,630
0,25%
4.312.500
Banco Bradesco SA
30,880
0,59%
3.791.300
Banco do Brasil SA
25,630
0,63%
3.238.500
www.banifib.com
18,550
32,300
18,660
32,550
30,700
25,470
18,580
32,490
18,890
32,640
30,700
25,500
18,660
32,730
19,390
32,970
31,000
25,660
18,270
32,280
18,770
32,420
30,590
25,250
18,375
32,518
19,191
32,681
30,839
25,489
-5,45%
-20,14%
-1,49%
7,50%
-3,42%
0,12%
Praa / Ttulo
ALEMANHA
Daimler AG
Deutsche Telekom AG
Infineon Technologies AG
Nordex SE
Commerzbank AG
Allianz SE
Deutsche Bank AG
Linde AG
Muenchener Rueckversicherungs
Volkswagen AG (Pref)
FRANA
Alcatel-Lucent
Alstom SA
Carrefour SA
Orange SA
STMicroelectronics NV
ITLIA
UniCredit SpA
Intesa Sanpaolo SpA
Enel SpA
Eni SpA
Telecom Italia SpA
HOLANDA
Koninklijke Ahold NV
ASML Holding NV
ING Groep NV
Koninklijke Philips NV
Aegon NV
BLGICA
Belgacom SA
Anheuser-Busch InBev NV
FINLNDIA
Nokia OYJ
EUA
Apple Inc
Applied Micro Circuits Corp
Citigroup Inc
Cisco Systems Inc
Intel Corp
Merck & Co Inc
Pfizer Inc
BRASIL
Fonte: Bloomberg.
MERCADOS
FINANCEIROS
FECHO
4. Mercados de Dvida - Amrica Latina:

ID
Emitente
Cupo Maturidade
Spread
Amt. Outs. Data
Min. Piece
Offer Yield Yield
Duration
Moodys S&P
(mm) Emisso
(m)
(Bid) (offer) Bench
USD UST Actives
Bid
Brazil Sovereign USD

BRAZIL
BRAZIL
BRAZIL
BRAZIL
BRAZIL
BRAZIL
BRAZIL
BRAZIL
BRAZIL
BRAZIL
BRAZIL
BRAZIL
BRAZIL
BRAZIL
BRAZIL
BRAZIL
BRAZIL
FED REPUBLIC OF BRAZIL

10,500
7,875
6,000
8,000
5,875
8,875
12,750
4,875
2,625
8,875
8,750
10,125
12,250
8,250
7,125
11,000
5,625
14-07-2014
07-03-2015
17-01-2017
15-01-2018
15-01-2019
14-10-2019
15-01-2020
22-01-2021
05-01-2023
15-04-2024
04-02-2025
15-05-2027
06-03-2030
20-01-2034
20-01-2037
17-08-2040
07-01-2041
105,250
107,650
111,550
111,050
112,900
130,500
152,000
105,750
85,000
134,000
134,850
150,500
174,234
125,800
113,350
114,050
95,700
106,050
108,550
111,950
111,800
113,350
131,450
153,900
106,450
86,200
135,650
135,700
151,150
176,150
126,400
114,700
114,950
96,450
1,816
1,701
2,151
4,993
3,125
3,136
3,290
3,942
4,669
4,693
4,701
4,940
5,353
6,020
6,045
2,514
5,946
7,375
11,000
03-02-2015
26-06-2017
107,200 107,800 1,126 0,643

129,800 131,000 2,195 1,901
12,500
12,500
8,500
10,250
05-01-2016
05-01-2022
05-01-2024
10-01-2028
104,650
113,000
88,250
98,250
105,750
114,000
89,250
99,750
9,965
10,105
10,406
10,488
9,390
9,936
10,231
10,281
9,500
9,750
10,625
9,500
9,000
9,000
11,750
10,000
9,750
10,000
9,750
10,500
11,750
6,250
10,250
10,250
9,750
10,875
10,090
9,750
9,500
0,000
06-01-2014
28-01-2014
10-04-2014
14-04-2014
28-04-2014
28-04-2014
15-12-2014
05-01-2015
15-01-2015
21-01-2015
17-11-2015
23-11-2015
27-04-2016
16-05-2016
13-07-2016
08-08-2016
15-09-2016
03-04-2017
03-05-2017
18-07-2017
24-07-2017
25-09-2017
99,932
99,969
99,000
100,035
99,766
99,781
102,234
97,250
66,504
100,646
99,000
98,500
93,000
-94,750
94,000
89,250
94,000
96,000
97,000
97,250
68,975
100,023
100,125
99,625
100,151
99,998
100,082
102,693
98,750
68,969
101,088
101,000
100,500
97,000
-95,750
97,000
91,250
95,000
96,875
99,250
99,500
69,623
9,439
9,196
13,403
8,861
9,117
9,078
9,359
12,769
0,000
9,322
10,322
11,367
15,331
-12,664
12,956
14,570
13,142
11,533
10,764
10,419
10,244
8,509
8,226
11,556
8,545
8,543
8,335
8,884
11,235
0,000
8,899
9,174
10,209
13,236
-12,189
11,570
13,617
12,750
11,210
9,994
9,659
9,974
Brazil Sovereign EUR

BRAZIL
BRAZIL


INTER-AMERICAN DEVEL BK
EUROPEAN BK RECON & DEV
BANCO VOTORANTIM NASSAU
INTL BK RECON & DEVELOP
KFW
BANQUE SAFRA LUXEMBOURG
CESP-COMP ENER SAO PAULO
INTL BK RECON & DEVELOP
ANHEUSER-BUSCH INBEV WOR
ITAU UNIBANCO HLDG SA/KY
CIA DE ELE DO E DA BAHIA
BANCO VOTORANTIM
ARCOS DORADOS HOLDINGS I
BANCO SAFRA SA
OI SA
BANCO SAFRA SA (CI)
MORGAN STANLEY
BANCO DO BRASIL (CAYMAN)
AMBEV INTL FINANCE CO LT
KFW
0,6
1,2
2,8
3,4
4,4
4,8
4,6
5,9
7,8
7,3
7,6
8,5
9,1
10,6
11,8
1,5
13,3
795
1129
2277
628
1949
800
235
3003
2150
1649
1484
1398
519
2176
3013
1230
2950
14-07-2004
07-03-2005
14-11-2006
01-08-2005
13-01-2009
14-10-2004
26-01-2000
22-04-2010
12-09-2012
22-03-2001
04-02-2005
09-06-1997
06-03-2000
20-01-2004
18-01-2006
17-08-2000
07-10-2009
Baa2
Baa2
Baa2
Baa2
Baa2
Baa2
Baa2
Baa2
Baa2
Baa2
Baa2
Baa2
Baa2
Baa2
Baa2
Baa2
Baa2
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
1
1
100
1
100
1
1
100
200
1
1
1
1
1
1
1
100
52
157
1,1
3,0
800
387
03-02-2005
26-06-1997
Baa2
Baa2
BBB
BBB
1
-
2851
2216
3150
4888
26-09-2005
13-09-2006
27-04-2012
14-02-2007
Baa2
Baa2
Baa2
Baa2
BBB
BBB
BBB
250
250
350
250
350
325
140
170
1175
250
150
400
750
750
750
500
400
867
675
800
1100
300
1380
350
293
350
06-01-2010
NR
AAA
28-01-2010
NR
AAA
10-04-2007 Baa2 /*14-04-2010
NR
AAA
28-04-2011
NR
AAA
28-04-2011
Aaa
AAA
15-12-2006
Aaa
AAA
22-06-2011
BBB
22-01-2007
Ba1
21-01-2010
NR
AAA
17-11-2010
A3
A
23-11-2010 Baa2
27-04-2011 Baa2
BBB12-05-2011 Baa2 /*- BBB13-07-2011
Ba2
08-08-2011 Baa2
15-09-2011 Baa3 BBB- /*03-04-2007
03-05-2007 Baa2
A18-07-2007 Baa2
27-03-2009
A
05-10-2006
Aaa
AAA
BRL Brazil Govt Local
Brazilian Reais
IADB
EBRD
BANVOR
EBRD
EBRD
IBRD
KFW
SAFRAL
CESPBZ
IBRD
ABIBB
ITAU
CEEB
BANVOR
ARCO
BANSAF
OIBRBZ
BANSAF
MS
BANBRA
AMBEV
KFW
46
85
141
188
162
130
125
170
193
175
180
195
214
268
249
178
222
EUR Benchmarks
Brazilian Reais
BRAZIL
BRAZIL
BRAZIL
BRAZIL
0,567
1,017
2,027
4,803
3,036
2,985
3,026
3,832
4,491
4,526
4,620
4,889
5,234
5,977
5,946
2,020
5,888
-255
-300
-278
-272
1,7
5,0
6,2
7,1
BRL Brazil Govt Local

www.banifib.com
-165
-200
138
-189
-193
-214
-226
34
-819
-236
-267
-160
127
-0
-67
148
44
-121
-254
-289
-285
0,1
0,1
0,3
0,3
0,4
0,4
0,9
1,0
1,0
1,0
1,7
1,7
2,0
-2,1
2,2
2,3
2,6
2,8
2,9
2,9
3,5
5
5
250
5
5
5
5
300
250
5
100
150
250
300
250
300
300
250
250
5
250
5
Fonte: Bloomberg e Banif Investment Bank.

MERCADOS
FINANCEIROS
FECHO
ID
Emitente
Cupo Maturidade
Bid
Spread
Amt. Outs. Data
Min. Piece
Offer Yield Yield
Duration
Moodys S&P
Bench
(mm)
Emisso
(m)
(Bid) (offer)
Brazilian Corporates USD

CSNABZ
BCOBMG
FIBRA
BANSAF
RAIZBZ
PETBRA
BANBRA
CSNABZ
BANBRA
PETBRA
DAYCOV
OSXBBZ
BRADES
BESIBR
SANBBZ
BCOPAN
BICBBZ
NORBRA
ELEBRA
UGPABZ
VALEBZ
SANBBZ
BCOBMG
PETBRA
DAYCOV
BANVOR
HSBC
BRADES
USIM
BTGPBZ
JBSSBZ
BANVOR
JBSSBZ
PETBRA
SBSPBZ
MRFGBZ
BCOBMG
BANPIN
BRADES
BANBRA
VALEBZ
EMBRBZ
RAIZBZ
PETBRA
SANBBZ
GOL
TAM
BRFSBZ
GGBRBZ
CAIXBR
USIM
JBSSBZ
PETBRA
BCOBMG
MRFGBZ
CIMTUP
CSN ISLANDS VIII CORP

9,750
BANCO BMG SA
6,500
BANCO FIBRA SA
5,875
BANCO SAFRA SA
3,500
RAIZEN FUELS FINANCE
9,500
PETROBRAS INTL FIN CO
7,750
8,500
CSN ISLANDS IX CORP
10,000
4,500
2,875
BANCO DAYCOVAL SA
6,500
OSX 3 LEASING BV
9,250
BANCO BRADESCO (CAYMAN)
4,100
BES INVESTIMENTO BRASIL
5,625
BANCO SANTANDER BRAS CI
4,500
BANCO PANAMERICANO SA
5,500
BANCO INDUSTR E COMRCL
5,250
BANCO DO NORDESTE BRASIL
3,625
CENT ELET BRASILEIRAS SA
7,750
LPG INTERNATIONAL INC
7,250
VALE OVERSEAS LIMITED
6,250
4,250
BANCO BMG SA
9,150
3,875
BANCO DAYCOVAL SA
6,250
BANCO VOTORANTIM
5,250
HSBC BANK BRASIL SA
4,000
4,125
COSIPA COMMERCIAL LTD
8,250
BANCO BTG PACTUAL/CAYMAN 4,875
JBS SA
10,500
BANCO VOTORANTIM NASSAU
3,911
BERTIN SA & FINANCE LTD
10,250
6,125
CIA SANEAMENTO BASICO
7,500
MARFRIG OVERSEAS LTD
9,625
BANCO SCHAHIN SA
8,680
BANCO PINE SA
8,750
4,500
3,875
6,250
EMBRAER OVERSEAS LTD
6,375
RAIZEN ENERGY FINANCE
7,000
3,500
4,625
GOL FINANCE
7,500
TAM CAPITAL INC
7,375
SADIA OVERSEAS LTD
6,875
GTL TRADE FINANCE INC
7,250
CAIXA ECONOMICA FEDERAL
2,375
USIMINAS COMMERCIAL LTD
7,250
JBS FINANCE II LIMITED
8,250
5,875
BANCO BMG SA
8,000
MARFRIG HOLDING EUROPE B
8,375
CIMENTO TUPI SA
9,750
16-12-2013
14-03-2014
12-05-2014
16-05-2014
15-08-2014
15-09-2014
20-09-2014
15-01-2015
22-01-2015
06-02-2015
16-03-2015
20-03-2015
23-03-2015
25-03-2015
06-04-2015
04-08-2015
25-10-2015
09-11-2015
30-11-2015
20-12-2015
11-01-2016
14-01-2016
15-01-2016
27-01-2016
28-01-2016
11-02-2016
11-05-2016
16-05-2016
14-06-2016
08-07-2016
04-08-2016
22-09-2016
05-10-2016
06-10-2016
03-11-2016
16-11-2016
21-11-2016
06-01-2017
12-01-2017
23-01-2017
23-01-2017
24-01-2017
01-02-2017
06-02-2017
13-02-2017
03-04-2017
25-04-2017
24-05-2017
20-10-2017
06-11-2017
18-01-2018
29-01-2018
01-03-2018
15-04-2018
09-05-2018
11-05-2018
-100,500
100,800
100,800
105,500
104,250
105,250
108,150
103,000
101,550
103,650
-103,000
101,800
103,250
103,250
100,000
100,700
108,550
108,750
109,600
103,600
103,500
103,550
104,500
103,250
103,250
104,900
-102,920
111,400
-111,500
109,300
112,750
104,710
-100,250
104,750
102,700
111,250
104,750
110,000
101,770
105,150
95,900
105,750
111,550
113,260
92,600
108,900
105,150
108,050
101,300
92,450
102,250
-101,000
101,500
101,250
105,900
105,150
105,600
108,500
103,400
102,050
104,350
-103,350
102,500
103,470
103,850
100,750
101,400
109,650
110,000
109,850
104,100
104,200
104,100
105,500
104,400
103,500
105,300
-103,800
113,350
-112,100
110,150
113,250
105,750
-104,500
105,800
103,700
111,800
109,500
111,250
102,200
105,250
96,500
106,250
112,100
113,850
93,600
109,350
105,500
108,600
102,650
93,310
104,500

www.banifib.com
-4,610
4,006
1,706
1,533
2,221
1,808
2,529
1,812
1,535
3,559
-1,759
4,191
2,025
3,473
5,247
3,247
3,274
2,815
1,589
2,488
7,325
2,173
4,040
3,686
2,614
2,063
-3,683
5,816
-5,789
2,698
2,904
7,804
-8,651
2,889
2,966
2,497
4,726
3,619
2,911
2,922
8,944
5,491
3,325
3,557
4,452
4,840
6,415
3,800
7,547
10,548
8,971
-2,831
2,412
0,712
-1,102
1,383
2,227
1,463
1,109
3,014
-1,492
3,646
1,862
3,109
4,827
2,873
2,732
2,219
1,475
2,250
6,972
1,916
3,567
3,149
2,509
1,900
-3,333
5,078
-5,573
2,403
2,737
7,416
-7,098
2,545
2,637
2,325
3,170
3,223
2,770
2,890
8,727
5,333
3,167
3,406
4,160
4,725
6,295
3,666
7,090
10,290
8,217
876
226
185
15
36
42
69
131
53
15
199
2467
46
261
81
192
355
158
141
88
11
88
424
53
218
175
100
39
330
176
348
-390
73
103
570
-532
76
84
53
137
142
96
107
685
343
123
130
204
252
449
141
521
796
630
0,0
0,3
0,4
0,4
0,7
0,8
0,8
1,0
1,1
1,1
1,2
0,9
1,3
1,2
1,3
1,6
1,8
1,9
1,9
1,9
2,0
2,0
1,8
2,0
2,0
2,0
2,3
2,3
2,2
2,4
2,3
-2,4
2,6
2,6
2,5
-2,6
2,9
2,9
2,8
2,8
2,8
3,0
2,9
2,8
3,0
3,1
3,4
3,7
3,5
2,7
3,7
3,6
3,6
2,9
550
300
175
300
350
398
300
400
950
1250
300
500
750
395
850
289
400
300
300
246
1000
850
180
2500
300
1250
500
500
76
500
300
101
350
899
140
184
50
125
800
500
1250
230
400
1750
1350
221
298
221
1500
1000
180
900
1750
300
725
150
23-12-2003
Ba1
BBB14-03-2011
B1
12-05-2011
B1
16-05-2011
Baa2
11-08-2009
Baa3
BBB
15-09-2004
Baa1
20-09-2004
Baa3
24-09-2004
Ba1
BBB22-01-2010
Baa2
BBB
06-02-2012
Baa1
BBB
16-03-2010
BB+
20-03-2012
23-03-2010
Baa1
BBB
25-03-2010
Ba3
BB- /*06-04-2010
Baa2
BBB
04-08-2010
Ba2
25-10-2010
Ba1
09-11-2010
Baa3
BBB
30-11-2005
BBB
22-06-2006
BBB
10-01-2006
Baa2
A14-01-2011
Baa2
BBB
22-12-2005
B1
B
27-01-2011
Baa1
BBB
28-01-2011
BB+
11-02-2011 Baa2 /*- BBB11-05-2011
Baa1
BBB
16-05-2011
Baa1
BBB
14-06-2006
Ba2
BB+
08-07-2011
Baa3
04-08-2006
Ba3
BB
22-09-2006
BBB13-10-2006
Ba3
BB
06-10-2006
Baa1
BBB
03-11-2006
BB+
16-11-2006
B2
B
21-11-2006
B2
08-02-2010
Ba2
12-01-2012
Baa1
BBB
23-11-2011
Baa2
21-11-2006
Baa2
A18-05-2007
Baa3
BBB
26-01-2007
Baa3
BBB
06-02-2012
Baa1
BBB
13-02-2012
Baa2
BBB
19-10-2007
B3
10-12-2007
BB24-05-2007
Baa3
BBB22-10-2007
BBB05-11-2012
Baa2
18-01-2008
Ba2
BB+
29-07-2010
Ba3
BB
01-11-2007
Baa1
BBB
15-04-2011
B1
B
09-05-2011
B2
B
11-05-2011
B
1
150
200
200
100
1
10
10
100
2
100
100
100
100
100
100
100
100
100
100
100
150
100
2
150
200
200
200
100
200
100
100
100
2
100
2
100
100
200
200
2
100
100
2
200
2
100
100
100
150
100
100
2
200
200
2

MERCADOS
FINANCEIROS
FECHO
ID
Emitente
Cupo Maturidade
Bid
Spread
Amt. Outs.
Data
Min. Piece
Offer Yield Yield
Duration
Moodys S&P
Bench
(mm)
Emisso
(m)
(Bid) (offer)
Brazilian Corporates USD (cont.)

BRASKM
BNDES
PETBRA
PETBRA
NORBRA
BNDES
ELEBRA
VALEBZ
CSNABZ
VOTORA
BRADES
OASCBZ
BCOBMG
USJACU
EMBRBZ
GGBRBZ
PETBRA
BANVOR
BANBRA
BRFSBZ
TAM
MAGGBZ
BCOABC
ITAU
ODBR
BCOPAN
BICBBZ
FIBRBZ
MRFGBZ
BRASKM
VOTORA
BNDES
BMEBMZ
BVMFBZ
GOL
CSNABZ
BCOBMG
VALEBZ
OIBRBZ
SBSPBZ
BANBRA
BRADES
ITAU
SUZANO
BANSAF
PETBRA
GGBRBZ
FIBRBZ
VOTORA
BRASKM
HYPEBZ
TAM
ODEBRE
ELEBRA
ITAU
VALEBZ
BANBRA
BRSRBZ
OIBRBZ
BRADES
ITAU
OGXPBZ
BRASKEM FINANCE LTD

BANCO NAC DE DESEN ECONO
BANCO DO NORDESTE BRASIL
CSN ISLANDS XI CORP
VOTORANTIM OVERSEAS V
OAS INVESTMENTS GMBH
BANCO BMG S.A.
USJ ACUCAR E ALCOOL SA
EMBRAER OVERSEAS LTD
GERDAU HOLDINGS INC
BANCO VOTORANTIM
BFF INTERNATIONAL LTD
TAM CAPITAL 2 INC
REARDEN G HOLDINGS EINS
BANCO ABC-BRASIL SA
ODEBRECHT FINANCE LTD
BANCO PANAMERICANO SA
BANCO INDUSTR E COMRCL
FIBRIA OVERSEAS FINANCE
MARFRIG OVERSEAS LTD
BRASKEM FINANCE LTD
VOTORANTIM OVERSEAS IV
BANCO MERCANT DO BRASIL
BM&FBOVESPA SA
GOL FINANCE
CSN RESOURCES SA
BANCO BMG SA
TELEMAR NORTE LESTE SA
CIA SANEAMENTO BASICO
SUZANO TRADING LTD
BANCO SAFRA SA (CI)
GERDAU TRADE INC
FIBRIA OVERSEAS FINANCE
VOTO-VOTORANTIM LTD
BRASKEM FINANCE LTD
HYPERMARCAS SA
TAM CAPITAL 3 INC
ODEBRECHT DRILL VIII/IX
BANCO EST RIO GRANDE SUL
OI SA
OGX AUSTRIA GMBH
7,250
6,369
8,375
7,875
4,375
6,500
6,875
5,625
6,875
6,625
6,750
8,250
9,950
9,875
6,375
7,000
5,750
7,375
6,000
7,250
9,500
7,875
7,875
6,200
7,000
8,500
8,500
7,500
9,500
7,000
7,750
5,500
9,625
5,500
9,250
6,500
8,875
4,625
5,500
6,250
5,375
5,900
5,750
5,875
6,750
5,375
5,750
6,750
6,750
5,750
6,500
8,375
6,350
5,750
6,200
4,375
5,875
7,375
5,750
5,750
5,650
8,375
05-06-2018
16-06-2018
10-12-2018
15-03-2019
03-05-2019
10-06-2019
30-07-2019
15-09-2019
21-09-2019
25-09-2019
29-09-2019
19-10-2019
05-11-2019
09-11-2019
15-01-2020
20-01-2020
20-01-2020
21-01-2020
22-01-2020
28-01-2020
29-01-2020
30-03-2020
08-04-2020
15-04-2020
21-04-2020
23-04-2020
27-04-2020
04-05-2020
04-05-2020
07-05-2020
24-06-2020
12-07-2020
16-07-2020
16-07-2020
20-07-2020
21-07-2020
05-08-2020
15-09-2020
23-10-2020
16-12-2020
15-01-2021
16-01-2021
22-01-2021
23-01-2021
27-01-2021
27-01-2021
30-01-2021
03-03-2021
05-04-2021
15-04-2021
20-04-2021
03-06-2021
30-06-2021
27-10-2021
21-12-2021
11-01-2022
26-01-2022
02-02-2022
10-02-2022
01-03-2022
19-03-2022
01-04-2022
111,900
107,600
118,600
116,150
99,000
107,800
107,380
109,190
102,950
111,200
110,050
97,300
101,500
97,500
-108,900
103,750
105,950
106,000
112,000
107,750
104,650
101,650
105,000
-107,150
105,300
108,900
93,950
106,550
115,900
101,600
98,900
104,800
90,500
100,600
97,250
102,140
93,050
104,150
98,070
100,750
100,400
98,900
106,340
-101,900
108,750
110,600
98,900
104,650
104,000
101,700
97,950
100,800
96,440
96,900
100,460
90,550
98,500
96,900
--
113,100
108,600
119,650
116,650
99,200
108,750
108,150
109,650
103,600
112,000
110,350
98,250
102,250
98,350
-110,000
104,600
106,850
107,000
113,000
108,080
105,250
101,950
105,640
-108,350
106,000
110,350
95,900
107,550
117,550
102,400
99,600
105,850
91,200
101,750
98,000
102,700
94,200
104,250
98,750
101,800
101,400
99,350
106,700
-102,600
110,250
111,900
99,420
105,280
105,950
102,750
98,050
101,290
97,050
98,000
101,600
91,350
99,500
97,750
--

www.banifib.com
4,314
4,497
4,222
4,411
4,585
4,870
5,344
3,836
6,258
4,416
4,751
8,845
9,608
10,448
-5,279
5,030
6,192
4,856
4,960
6,438
6,616
7,540
5,264
-7,086
7,441
3,600
10,829
5,764
4,885
5,210
9,851
4,648
11,321
6,386
9,435
4,257
6,778
5,299
5,708
5,769
5,680
6,066
5,658
-5,425
4,081
5,004
5,935
5,488
7,474
5,966
6,080
6,072
4,912
6,367
7,297
7,302
5,982
6,131
--
4,039
4,262
4,011
4,313
4,543
4,682
5,192
3,751
6,125
4,269
4,695
8,632
9,442
10,250
-5,079
4,871
6,020
4,673
4,783
6,157
6,450
7,480
5,148
-6,861
7,307
2,623
10,388
5,584
4,616
5,067
9,704
4,468
11,159
6,173
9,279
4,163
6,559
5,277
5,589
5,589
5,509
5,987
5,598
-5,307
3,426
4,805
5,847
5,352
7,051
5,734
6,063
5,995
4,818
6,190
7,111
7,163
5,826
5,997
--
168
189
144
163
181
190
236
86
323
137
179
571
650
730
128
205
184
299
164
174
521
458
437
203
332
373
417
154
725
244
142
186
649
125
794
295
604
89
324
270
219
219
210
258
218
185
189
200
132
235
304
428
306
237
224
104
240
331
336
200
215
7787
3,8
3,8
4,1
4,3
4,8
4,5
4,6
4,9
4,7
4,8
4,8
4,5
4,4
4,4
5,1
4,9
5,0
4,8
5,0
4,9
1,1
2,9
4,9
5,2
1,3
4,9
4,9
1,3
4,6
5,2
5,1
5,4
4,6
5,4
4,6
5,2
4,8
5,7
5,6
4,2
5,7
5,6
5,7
5,6
5,6
5,8
5,7
2,1
5,8
5,9
3,8
4,4
5,2
6,2
6,1
6,6
6,2
5,9
6,2
6,4
6,4
1,6
500
1000
577
2750
300
1000
1000
1000
750
1000
750
500
300
275
163
1250
2500
1150
500
629
300
400
400
1000
83
500
300
751
500
750
400
1000
250
612
300
1200
250
1000
1787
350
660
1600
1250
650
500
5250
1250
700
750
1000
331
500
1388
1750
1050
2250
1500
775
1500
1100
1250
1063
05-06-2008
Baa3
BBB04-06-2008
Baa2
BBB
10-12-2003
Baa1
BBB
11-02-2009
Baa1
BBB
03-05-2012
Baa3
BBB
10-06-2009
Baa2
BBB
30-07-2009
BBB
15-09-2009
Baa2
A21-09-2009
Ba1
BBB25-09-2009
BBB
29-09-2009
Baa2
19-10-2012
B1
BB05-11-2009
B2
09-11-2012
BB08-10-2009
Baa3
BBB
24-11-2009
BBB30-10-2009
Baa1
BBB
20-01-2010 Baa3 /*22-01-2010
Baa2
BBB
28-01-2010
Baa3
BBB29-10-2009
BB30-03-2010
B1
BB
08-04-2010
Ba1
15-04-2010
Baa3
21-10-2009
Baa3
BBB23-04-2010
Ba3
27-04-2010
Ba2
04-05-2010
Ba1
BB+
04-05-2010
B2
B
07-05-2010
Baa3
BBB24-06-2005
BBB
12-01-2010
Baa2
BBB
16-07-2010
Ba3
16-07-2010
Baa1 BBB+ /*
20-07-2010
B21-07-2010
Ba1
BBB05-08-2010
B2
15-09-2010
Baa2
A15-09-2010
Baa3 BBB- /*16-12-2010
BB+
05-10-2010
Baa3
16-08-2010
Baa2
23-09-2010
Baa3
23-09-2010
Ba2
BB
27-01-2011
Baa3
27-01-2011
Baa1
BBB
01-10-2010
NR
BBB03-03-2011
Ba1
BB+
05-04-2010
Baa3
BBB
15-04-2011
Baa3
BBB20-04-2011
Ba2
BB03-06-2011
BB18-11-2010
Baa3
27-10-2011
Baa3
BBB
21-06-2011
Baa3
11-01-2012
Baa2
A26-05-2011
Baa3
02-02-2012
Ba1
10-02-2012
Baa3 BBB- /*01-03-2012
Baa2
19-03-2012
Baa3
30-03-2012
WR
D
100
100
1
2
150
100
100
2
100
100
100
200
100
200
1
100
2
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
100
2
100
100
2
100
200
100
100
100
100
200
2
100
150
100
200
150
200
100
200
200
2
200
200
200
200
200
200

MERCADOS
FINANCEIROS
FECHO
ID
Emitente
Cupo Maturidade
Bid
Spread
Amt. Outs.
Data
Min. Piece
Offer Yield Yield
Duration
Moodys S&P
(mm)
Emisso
(m)
(Bid) (offer) Bench
Brazilian Corporates USD (cont.)

GLOPAR
BRASKM
BRFSBZ
EMBRBZ
ODBR
ITAU
BTGPBZ
BANBRA
SAMMIN
CAIXBR
CIELBZ
BANBRA
ODBR
ITAU
VALEBZ
VALEBZ
VALEBZ
PETBRA
PETBRA
VOTORA
BRASKM
ODBR
VALEBZ
BRMLBZ
GPIXLX
GOL
MAGGBZ
REDEM
GLOPAR
CSNABZ
ODBR
BRASKM
BRPRSA
BANBRA
CSANBZ
BANBRA
GLOBO COMMUNICACOES PART

BRASKEM FINANCE LTD
BRF SA
EMPRESA BRAS DE AERONAU
BANCO BTG PACTUAL/CAYMAN
SAMARCO MINERACAO SA
CAIXA ECONOMICA FEDERAL
CIELO SA/CIELO USA INC
VOTORANTIM CIMENTOS SA
BRASKEM AMERICA FINANCE
VALE SA
BR MALLS INTL FINANCE
GP INVESTMENTS LTD
GOL FINANCE
MAGNESITA FINANCE LTD
REDE ENERGIA SA
GLOBO COMMUNICACOES PART
CSN ISLANDS XII
BRASKEM FINANCE LTD
BR PROPERTIES SA
COSAN OVERSEAS LTD
4,875
5,375
5,875
5,150
5,125
5,500
5,750
3,875
4,125
3,500
3,750
5,875
6,000
5,125
8,250
6,875
6,875
6,875
6,750
7,250
7,125
7,125
5,625
8,500
10,000
8,750
8,625
11,125
6,250
7,000
7,500
7,375
9,000
9,250
8,250
8,500
11-04-2022
02-05-2022
06-06-2022
15-06-2022
26-06-2022
06-08-2022
28-09-2022
10-10-2022
01-11-2022
07-11-2022
16-11-2022
19-01-2023
05-04-2023
13-05-2023
17-01-2034
21-11-2036
10-11-2039
20-01-2040
27-01-2041
05-04-2041
22-07-2041
26-06-2042
11-09-2042
Perp
Perp
Perp
Perp
Perp
Perp
Perp
Perp
Perp
Perp
Perp
Perp
Perp
99,400
94,750
101,400
99,500
97,550
95,550
89,500
86,250
89,950
81,700
89,910
96,950
-92,800
114,800
101,900
101,500
97,000
94,800
95,800
92,150
87,750
88,100
100,500
97,250
68,650
96,300
-103,900
83,750
97,600
95,050
100,650
103,700
101,550
108,000
99,650
95,150
102,600
100,750
98,350
96,250
90,400
88,300
91,000
82,750
90,100
97,650
-93,650
116,250
103,050
102,350
97,650
96,050
96,800
93,150
90,450
88,950
100,850
98,750
70,000
97,600
-104,950
85,050
98,260
96,000
101,000
104,850
102,500
109,000
4,963 4,926
6,184 6,120
5,665 5,488
5,223 5,040
5,487 5,367
6,169 6,061
7,390 7,240
5,890 5,566
5,571 5,411
6,200 6,027
5,172 5,144
6,319 6,215
--6,141 6,016
6,880 6,759
6,711 6,615
6,751 6,683
7,129 7,073
7,187 7,078
7,616 7,526
7,822 7,727
8,246 7,978
6,548 6,476
8,239 8,059
30,699 19,205
12,812 12,567
8,971 8,847
#N/A N/A
-3,767 3,118
8,444 8,311
7,697 7,642
7,786 7,704
8,611 8,405
8,662 8,486
7,374 6,847
7,012 6,836
8,000
4,500
5,250
4,125
5,125
4,875
4,375
3,250
5,875
3,750
4,250
15-04-2014
20-01-2016
28-04-2017
15-09-2017
15-12-2017
07-03-2018
24-03-2018
01-04-2019
07-03-2022
10-01-2023
02-10-2023
101,850
104,100
108,050
103,900
105,800
108,150
109,500
101,500
110,650
100,800
100,550
102,200
104,650
108,450
104,400
106,150
108,450
109,900
101,900
111,100
101,350
101,100
2,833
2,495
2,731
3,015
3,554
2,813
2,043
2,939
4,311
3,644
4,179
1,892
2,236
2,613
2,877
3,463
2,741
1,951
2,858
4,249
3,573
4,110
4,875
5,750
8,000
6,000
5,500
4,875
6,625
6,500
5,500
15-03-2015
01-03-2018
03-05-2019
05-03-2020
21-01-2021
24-01-2022
15-06-2035
02-06-2041
27-06-2044
104,950
111,450
121,250
111,050
107,550
102,550
103,000
100,850
88,600
105,090
111,650
121,500
111,500
107,800
102,750
103,350
101,500
88,950
0,975
2,863
3,639
3,985
4,260
4,497
6,367
6,434
6,349
0,868
2,816
3,593
3,908
4,221
4,467
6,337
6,384
6,321
6,375
5,500
5,500
05-08-2016
09-01-2017
24-02-2025
112,500 113,450 1,553

---113,900 114,650 3,942
1,218
-3,865
4,900
12,750
28-10-2014
17-02-2022
106
223
156
111
142
207
320
151
133
194
105
206
156
174
78
67
78
117
119
164
184
209
59
676
437
688
306
5594
196
251
183
189
723
424
561
352
6,7
6,6
6,5
6,7
6,7
6,6
6,6
7,2
7,2
7,4
7,4
6,8
7,0
7,3
10,2
11,6
12,1
11,6
11,8
11,5
11,2
11,0
13,1
1,9
9,5
7,8
10,7
1,8
1,5
11,4
12,0
12,1
1,7
6,2
1,8
5,2
300
500
750
500
600
1375
800
1925
1000
500
875
750
131
1870
800
2500
1750
1500
2250
1250
750
850
1500
405
190
200
250
497
325
1000
750
700
285
1750
500
1500
11-04-2012
02-05-2012
06-06-2012
15-06-2012
26-06-2012
06-08-2012
28-09-2012
10-10-2012
31-10-2012
05-11-2012
16-11-2012
19-06-2012
05-04-2011
13-11-2012
15-01-2004
21-11-2006
10-11-2009
30-10-2009
27-01-2011
05-04-2011
22-07-2011
26-06-2012
11-09-2012
21-01-2011
23-01-2007
05-04-2006
05-04-2012
02-04-2007
20-07-2010
23-09-2010
14-09-2010
04-10-2010
07-10-2010
20-01-2012
05-11-2010
20-10-2009
Baa2
Baa3
Baa3
Baa3
Baa3
Baa3
Ba1
Baa2
Baa2
Baa2
Baa3
Baa3
Baa3
Baa2
Baa2
Baa2
Baa1
Baa1
Baa3
Baa3
Baa3
Baa2
Ba1
B3
Ca
Baa2
Ba1
Baa3
Baa3
Ba3
Ba2
Ba1
BBB+
BBBBBBBBB
BBBBBB
BBB
BB+
BBBAAABBB
BBB
BBB
BBBBBBANR
BBBB
BBB+
BBBBBBBBBBB
BB
-
200
200
200
2
200
200
200
200
200
150
200
200
150
200
2
2
2
2
2
200
200
200
2
2
100
100
200
2
100
100
100
100
100
200
100
100
125
109
80
98
156
84
5
96
235
168
221
3,4
3,4
3,4
3,4
3,4
3,4
3,4
3,4
3,4
3,4
3,4
225,000
750,000
750,000
750,000
750,000
1250,000
750,000
1300,000
600,000
750,000
700,000
15-04-2004
20-01-2011
28-04-2010
15-09-2010
15-12-2010
09-12-2011
24-03-2010
01-10-2012
09-12-2011
10-07-2012
01-10-2012
Baa2
Baa2
Baa3
Baa2
Baa3
Baa1
Baa2
Baa1
Baa1
Baa2
Baa1
BBB
BBB
BBB
BBB- /*BBB
ABBB
BBB
ABBB
50
100
50
50
100
100
50
100
100
100
100
1462
2484
1937
991
2962
2091
2291
2994
2745
30-09-2010
21-01-2009
25-09-2009
30-09-2010
30-09-2010
07-09-2012
10-02-2006
30-09-2011
07-09-2012
Baa1
Baa1
Baa1
Baa1
Baa1
Baa1
Baa1
Baa1
Baa1
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
BBB
10
10
10
10
10
10
10
10
10
Brazilian Corporates EUR

BRADES
BANBRA
VOTORA
BNDES
OIBRBZ
PETBRA
VALEBZ
PETBRA
PETBRA
VALEBZ
PETBRA

VOTORANTIM CIMENTOS SA
TELEMAR NORTE LESTE SA
VALE SA
PETROBRAS GLOBAL FINANCE
VALE SA
PETROBRAS GLOBAL FINANCE
Mexican PEMEX USD

PEMEX
PEMEX
PEMEX
PEMEX
PEMEX
PEMEX
PEMEX
PEMEX
PEMEX
PETROLEOS MEXICANOS
PEMEX PROJ FDG MASTER TR
PETROLEOS MEXICANOS
PETROLEOS MEXICANOS
PETROLEOS MEXICANOS
PETROLEOS MEXICANOS
PETROLEOS MEXICANOS
PETROLEOS MEXICANOS
USD UST Actives
Mexican PEMEX EUR

PEMEX
PEMEX
PEMEX

PETROLEOS MEXICANOS
70
175
207
208
209
212
297
269
250
3,4
3,4
3,4
3,4
3,4
3,4
3,4
3,4
3,4
EUR Benchmarks
75
100
101
3,4
3,4
3,4
850
1000
1000
05-08-2004
08-10-2009
24-02-2005
Baa1
Baa1
Baa1
BBB
BBB
BBB
10
50
10
1458
--
0,8
--
3000
3000
28-10-2009
17-02-2011
Petroleos de Venezuela USD

PDVSA
PDVSA
PETROLEOS DE VENEZUELA S
PETROLEOS DE VENEZUELA S
---

www.banifib.com
---
---
---

MERCADOS
FINANCEIROS
FECHO
Equipas e Contactos:
DIRECO DE SALES & TRADING

He a d o f Sa le s & Tra ding
Nuno Correia
LB
+351 21 381 6276
+351 96 593 0276
ncorreia@banifib.pt
LB
+351 21 389 3310
+351 96 593 0310
nfigueirinhas@banifib.pt
David Nunes
LB
+351 21 381 6292
+351 96 593 0292
dnunes@banifib.pt
Jos Afonso
LB
+351 21 389 3303
+351 96 593 0303
jafonso@banifib.pt
Lus Seplveda
LB
+351 21 380 5401
+351 96 593 0401
lsepulveda@banifib.pt
Pedro Henriques
LB
+351 21 389 3308
+351 96 593 0308
phenriques@banifib.pt
Distributio n De sk
Nuno Belchior
Ope ra e s e m Bo lsa
Fixe d Inco me Sa le s & Tra ding

Andre Landi
LB
+351 21 389 3334
+351 96 593 0334
alandi@banifib.pt
Lus Ribeiro
LB
+351 21 389 3339
+351 96 593 0339
lribeiro@banifib.pt
Sandra Marques
LB
+351 21 389 3443
+351 96 593 0443
smarques@banifib.pt
Sandra Penha
LB
+351 21 389 3226
+351 96 593 0226
spenha@banifib.pt
Nelson Costa
MI
+1 305 416 9488
Fixed Income Desk - S. Paulo
SP
+55 11 3074 8028
Frederico Xavier da Costa
LB
+351 21 380 5416
Diogo Godinho
LB
+ 351 21 381 6222
dgodinho@banifib.pt
Miguel Moedas
LB
+ 351 21 380 5475
mmoedas@banifib.pt
Miguel Costa
LB
+ 351 21 380 5476
mlcosta@banifib.pt
nelson.costa@banifsecurities.com
Ba nif Tra de r
+351 96 593 0416
fcosta@banifib.pt
Lisbo a (LB)
S o P a ulo (SP )
Mia mi (MI)
Ba nif Ba nco de Inve stime nto
Ba nif Ba nco de Inve stime nto
Ba nif Se curitie s, Inc.
Avenida 24 de Julho, n 98
Av. Pres. Juscelino Kubitschek, 1700
1001 Brickell Bay Dr, Suite 2906
1200-870 Lisboa Portugal
15 andar CEP:04543-000
Miami, FL 33131
Tlf: 351 21 381 62 22
Tel : + 55 11 30748000
Tel: +1 305 577 0253

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Disclaimer:
O Presente documento foi elaborado pelo Banif
Banco de Investimento, S.A. em 29-11-2013 e divulgado a partir de 29-11-2013, O Banif Banco de Investimento, SA encontra-se sujeito superviso
da Comisso do Mercado de Valores Mobilirios e do
Banco de Portugal
A informao contida neste documento tem carcter meramente informativo , sendo a informao
nele contida exclusivamente objectiva, sem qualquer elemento individualizado ou subjectivo. As
informaes aqui contidas no se destinam nem
podero ser configuradas como consultoria para
investimento, porquanto as mesmas no tm em
ateno quaisquer caractersticas individuais, tais
como conhecimento, experincia objectivos de investimento e perfil financeiro de uma pessoa ou
entidade em concreto., sendo divulgado aos seus
destinatrios como mero meio auxiliar, no devendo, nem podendo, desencadear ou justificar qualquer aco ou omisso, nem sustentar qualquer
operao ou transaco, nem ainda substituir
qualquer julgamento prprio dos seus destinatrios, sendo estes, por isso, inteiramente responsveis pelos actos e omisses que pratiquem. A informao contida neste documento no tem como
igualmente como finalidade sugerir e ou orientar
os seus destinatrios quanto aos investimento e
desinvestimentos a efectuar, pelo que no pode,
nem deve, ser entendido como uma sugesto ou
recomendao em matria de investimento, designadamente de aquisio e7ou alienao de quaisquer valores mobilirios ou instrumentos financeiros mencionados no presente documento ou de
realizao de outro tipo de operaes sobre os
mesmos O Banif Banco de Investimento, S.A. e/ou
as suas afiliadas, subsidirias, administradores ou
funcionrios podero ter posies longas ou curtas, bem como podero transaccionar ou manter
posies sobre os valores mobilirios referidos
neste documento ou transaccionar produtos derivados sobre estes valores mobilirios. O comportamento passado dos valores mobilirios no garante resultados futuros e nenhuma garantia dada
pelo Banif Banco de Investimento, S.A. de que um
investimento nos valores mobilirios descritos
neste documento poder ter um retorno favorvel.
junto de fontes consideradas fiveis, nada obsta

que aquelas possam, a qualquer momento e sem
aviso prvio, ser alteradas pelo Banif Banco de
Investimento, S.A.. O Banif Banco de Investimento,
S.A. no est obrigado a notificar os destinatrios
deste documento de qualquer alterao ou actualizao efectuada a este documento
O Banif Banco de Investimento, S.A. no pode,
nem deve, garantir a exactido, veracidade, validade e actualidade do contedo informativo do presente documento, pelo que o mesmo dever ser
sempre devidamente analisado, avaliado e atestado pelos respectivos destinatrios. Os destinatrios deste documento tm conhecimento de que os
valores mobilirios, instrumentos ou investimentos referidos neste documento podem no ser um
investimento adequado ou apropriado devido aos
objectivos de investimento, condio financeira e
perfil de risco especfico de cada destinatrio deste documento, na medida em que estes factores
no foram tidos em conta na sua preparao. Assim, os investidores devem tomar as suas decises
de investimento de forma autnoma, tendo em
considerao os factores expostos e obtendo
aconselhamento especializado se necessrio. O Banif Banco de Investimento, S.A. rejeita, assim, a
responsabilidade por quaisquer eventuais danos
ou prejuzos resultantes, directa ou indirectamente, da utilizao da informao contida neste documento, independentemente da forma ou natureza
que possam vir a revestir.
A reproduo total ou parcial deste documento no

permitida sem autorizao prvia do Banif Banco de Investimento, S.A.. A forma de distribuio
deste documento poder ser restrita por lei ou regulamentao em determinados pases e jurisdies, sendo da responsabilidade das pessoas que
obtenham este documento a averiguao e informao sobre quaisquer restries aplicveis, bem
como o cumprimento das mesmas. Os dados relativos aos destinatrios que constam da nossa lista
de distribuio destinam-se exclusivamente divulgao dos nossos produtos e servios, no sendo susceptveis de conhecimento por terceiros.
Assim, e apesar de considerar que o conjunto de

informaes contidas neste documento foi obtido
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MERCADOS

Fonte: Bloomberg, DE, JN e OJE.

HANG SENG INDEX

Sectores (ndices STOXX 600):

Europa Stoxx 600

Banif Banco de Investimento, S.A.

2. Mercado Cambial e Monetrio:

LIBOR ( London Inter bank Offer Rate)

T axa de Jur o ( mdia)

T axa Euribor 360

Fonte: Reuters, Banif SA

Centro Mercados Financeiros (FX & MM)

Banif Banco de Investimento, S.A.

Fonte: Bloomberg, Banif S.A.

Banif Investment Bank @ Bloomberg: BANI <GO>

3. Mercados Accionistas - Cotaes

Banif Banco de Investimento, S.A.

4. Mercados de Dvida - Amrica Latina:

Brazil Sovereign USD

FED REPUBLIC OF BRAZIL

107,200 107,800 1,126 0,643

Brazil Sovereign EUR

FED REPUBLIC OF BRAZIL

FED REPUBLIC OF BRAZIL

BRL Brazil Govt Local

BRL Brazil Govt Local

Banif Banco de Investimento, S.A.

Fonte: Bloomberg e Banif Investment Bank.

Banif Investment Bank @ Bloomberg: BANI <GO>

Brazilian Corporates USD

CSN ISLANDS VIII CORP

Banif Banco de Investimento, S.A.

Fonte: Bloomberg e Banif Investment Bank.

Banif Investment Bank @ Bloomberg: BANI <GO>

Brazilian Corporates USD (cont.)

BRASKEM FINANCE LTD

Banif Banco de Investimento, S.A.

Fonte: Bloomberg e Banif Investment Bank.

Banif Investment Bank @ Bloomberg: BANI <GO>

Brazilian Corporates USD (cont.)

GLOBO COMMUNICACOES PART

112,500 113,450 1,553

Brazilian Corporates EUR

BANCO BRADESCO (CAYMAN)

Mexican PEMEX USD

USD UST Actives

Mexican PEMEX EUR

PEMEX PROJ FDG MASTER TR

Petroleos de Venezuela USD

Banif Banco de Investimento, S.A.

Fonte: Bloomberg e Banif Investment Bank.

Banif Investment Bank @ Bloomberg: BANI <GO>

DIRECO DE SALES & TRADING

+351 21 381 6276

+351 96 593 0276

+351 21 389 3310

+351 96 593 0310

+351 21 381 6292

+351 96 593 0292

+351 21 389 3303

+351 96 593 0303

+351 21 380 5401

+351 96 593 0401

+351 21 389 3308