April 16, 2018 |
The sales of fixed-income securities in Brazil climbed 49.1% year-on-year to BRL29.1bn ($8.59m) in Q1 2018, according to figures from capital markets association Anbima.
Corporate debenture sales jumped 75.7% to BRL21.3bn in Q1, as interest rates fell and maturities got longer, Anbima said.
Debentures priced at an average of 103.2% of the DI interbank lending rate in the first three months of 2018, down from 105.2% of DI year-on-year, Anbima said. Meanwhile, the central bank's benchmark lending
Lower interest rates help fixed-income issues rise 49% in Q1, Anbima says