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Brazil sells 3.2bn dollars in new global bonds to improve the best yield curve

Thursday, October 24th 2013 - 07:51 UTC
Full article 3 comments

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

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  • Brasileiro

    Swapping expensive debt for cheaper debt. Very good.

    Oct 24th, 2013 - 01:28 pm - Link - Report abuse 0
  • Conqueror

    Brazil 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
  • ChrisR

    @ 1 Brasileiro

    How can this be?

    You keep telling us Brazil does not need foreign money, so who's buying this, the drug lords?

    Oct 24th, 2013 - 07:56 pm - Link - Report abuse 0
  • yankeeboy

    Brazil has gone from BRIC growing nations to Fragile Five shaky countries.

    It 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.

    Oct 25th, 2013 - 01:41 pm - Link - Report abuse 0

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