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Montevideo, February 23rd 2019 - 02:48 UTC

Brazil raises 800million dollars in bond sales: 750m in US and EU; 50m in Asia

Saturday, May 11th 2013 - 05:40 UTC
Full article 12 comments
Brazilian bonds had a strong demand Brazilian bonds had a strong demand

Brazil succeeded in selling 50 million US dollars worth of dollar-denominated government bonds in Asian markets on Friday, the Treasury Department announced.

The bonds sold are due on 5 January 2023, with a yield of 2.75% a year. The operation came one day after the Brazilian government raised 750-million-dollar from bonds due in January 2023 in European and US markets.

It was the first issuance of global bonds for a total 800 million dollars in foreign currency since September 2012 when Brazil sold 1.35-billion-dollar bonds (100 million dollars in Asian markets and 1.25 billion in European and U.S. markets).

Barclays Capital and Citicorp managed the transaction.

The Brazilian government also announced its intention to make another issue in December.

Bonds allow the government to borrow from foreign investors by promising to return the investment together with a certain yield within a predetermined time range.

Brazil's sovereign credit ratings in international agencies have improved in the past years. The country's bonds in foreign currency are currently rated Baa2 at Moody's and BBB at Fitch Ratings and Standard & Poor's Ratings.
 

Categories: Economy, Investments, Brazil.

Top Comments

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  • Anglotino

    Those supposedly broke Europeans and Americans seem to have a lot of money to invest as opposed to those supposedly rich Asians..... interesting!

    May 11th, 2013 - 08:50 am 0
  • Hepatia

    http://en.mercopress.com/2013/05/11/brazil-raises-800million-dollars-in-bond-sales-750m-in-us-and-eu-50m-in-asia#comment246437: In the US there are no lack of wealthy people looking for a place to invest their money. And, I have been told, the situation is similar in Europe.

    I imagine that your comment is prompted by the fact that you have have no money to invest yourself. But why would you expect to have any?

    May 11th, 2013 - 04:16 pm 0
  • reality check

    What a splendid idea, perhaps Argentina should dothe same. I wonder how much they would raise?

    Let's run a book.

    Put me down for tuppence three farthings.

    May 11th, 2013 - 06:12 pm 0
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