Brazil sold about 3.2 billion dollars of new global bonds due in 2025, more than twice the original launch amount, as it paid the largest premium over U.S. Treasuries for a similar maturity since 2009 (approx 4.3%). The National Treasury is also buying back about 2 billion dollars of high-coupon notes maturing between 2017 and 2030. Read full article
Comments
Disclaimer & comment rulesSwapping expensive debt for cheaper debt. Very good.
Oct 24th, 2013 - 01:28 pm - Link - Report abuse 0Brazil has defaulted on sovereign debt more times than argieland. Ten times compared to the argie seven. Just saying!
Oct 24th, 2013 - 03:23 pm - Link - Report abuse 0@ 1 Brasileiro
Oct 24th, 2013 - 07:56 pm - Link - Report abuse 0How can this be?
You keep telling us Brazil does not need foreign money, so who's buying this, the drug lords?
Brazil has gone from BRIC growing nations to Fragile Five shaky countries.
Oct 25th, 2013 - 01:41 pm - Link - Report abuse 0It is difficult to tell where this may lead just as the moment but my guess is that when you have a Marxist Terrorist running the economy it is not going to turn out well.
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