Brazil buys back bonds

Brazil buys back bonds

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Economy & Policy Fixed Income Funds Brazil US

The Brazilian government said it has agreed to buy back $895 million in bonds, a day after it raised $3 billion in fresh dollar-denominated debt.For every $1,000 in principal, the government offered to pay premiums from $37 to $684 for notes that mature between 2027 and 2047. It also agreed to buy back as much as $414 million in 5% 2045 notes and as little as $35.2 million in 8.25% 2034 notes.The notes in the buyback carried coupons as high as 12.25% for the 2030s and as low as 5% for the 2045s.

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