Brazil Rolls Out One-Day Tender

Brazil Rolls Out One-Day Tender

Brazil Bonds

Brazil has issued $3.2bn in new 2025 senior unsecured bonds, becoming the latest LatAm sovereign to execute a one-day liability management operation. Demand reached $7.7bn, according to people following the sale, as the issuer raised funds to buy back eight series of off-the-run dollar bonds in its second visit to the international DCM this year. Generating interest at UST+200bp initial price thoughts for a benchmark-size deal, Brazil tightened to 180bp-185bp at the $3.2bn amount. The 2025 price

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