MG Piques Investor Interest

MG Piques Investor Interest

Brazil Bonds

The Brazilian state of Minas Gerais has generated more than $3bn in demand for the sale of $1.27bn in 2028 pass-through notes, pricing as soon as today, according to people following the process. The issuer is out with UST+250bp-area initial price thoughts for the notes, which come with a guarantee from the federal government and whose underlying asset is a 5.33% $1.27bn loan from bookrunner Credit Suisse to Minas Gerais. In the deal, the loan is sold to a special purpose vehicle that will in tu

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