Brazilians Wait on Bond Sales

Brazilians Wait on Bond Sales

Brazil Bonds

Softer market conditions have led issuers in the DCM pipeline to rethink their plans, with Brazil's Schahin Oil and Gas electing to postpone, and the fate of a sale from compatriot J&F Participacoes unknown heading into Monday morning. “The market is weaker and what happened Thursday with Gol spoke a lot about how things are performing in the market,” says an investor following the sales. Gol raised $200m Thursday at an 11% yield, only to see the bond perform poorly in the aftermarket. Looking f

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