Brazil sells bonds to buy back old notes

Brazil sells bonds to buy back old notes

Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Brazil

The Brazilian government raised $3 billion in the cross-border bond market on Monday to fund the buyback of notes that mature between 2027 and 2047, sources told LatinFinance.The national treasury added $500 million to its 2029 notes and sold $2.5 billion in new 2050 notes in a deal arranged by BNP Paribas, Citi and Goldman Sachs.The 2029 retap carried a coupon of 4.5% and priced at 98.2 to yield 3.809%, while the 30-year paper came with a coupon of 4.75% and priced at 97.441 to yield 4.91%, sai

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