December 17, 2009
As anticipated, Brazil increased its 2019 bond retap to $525m through the s
As anticipated, Brazil increased its 2019 bond retap to $525m through the sale of a $25m greenshoe to Asian investors. Brazil sold $500m Tuesday, retapping the 5.875% coupon bond for the second time this year, at 108.204 to score a rock-bottom yield of 4.75%, or UST plus 114bp. Goldman Sachs and Morgan Stanley managed the sale, rated Baa3/BBB minus. The total amount outstanding now stands at $2.3bn.