A subsidiary of BTG Pactual Group, BTG Investments is planning to sell off five year senior unsecured bonds by next week. The transaction was confirmed by two people knowledgeable of the deal who spoke with Reuters on condition of anonymity.

The size of the bond offer is still to be determined. The bonds would be rated as 'BBB minus' by Fitch Ratings, which is the lowest investment grade ranking that can bestowed. Between April 4 and 10, the investors as well as bank officials would meet to determine and discuss the terms of th deal.

Aside from BTG Pascual's Investment banking unit, Bank of America, Banco do Brasil SA, Citigroup and Banco Bradesco SA would be managing the transaction.

This subsidiary of Brazilian conglomerate BTG Pactual is the global investment arm of the company with over 100 professionals coming from UBS Latin America, Brazil's Central Bank and other financial institutions.