Tag: Arno Augustin

• Thursday, October 24th 2013 - 07:51 UTC

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

  

  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.

• Friday, February 1st 2013 - 07:05 UTC

  Brazil’ overall budget deficit: 2.47% of GDP and primary surplus of 2.38% GDP

  

  Brazil failed to reach its primary budget surplus goal last year posting a primary surplus of 104.951 billion Reais (53 billion dollars), the equivalent of 2.38% of GDP, according to central bank data released this week, which was below the annual target of 139.8 billion Reais, approx 3.1% of GDP.

• Saturday, January 28th 2012 - 10:16 UTC

  Brazil exceeded budget primary target last year and is optimistic about 2012

  

  Brazil’s central government exceeded its budget target for 2011 by posting a primary surplus (excluding interest payments) of 93.5 billion Reais (53.7 billion dollars) for the year.

• Wednesday, January 18th 2012 - 05:16 UTC

  Brazil plans to further fund the Development bank anticipating credit crunch

  

  Brazil is considering injecting more funds to the National Development bank, BNDES for the fifth year running in anticipation of a possible shortage of long term credit in the economy, said Arno Augustin, Secretary of the Treasury.