May 13, 2019 |
Brazil's corporate issuers sold BRL29.1bn ($7.38bn) in debentures in the first four months of 2019, a 37% drop on the same period last year, according to the local capital markets association Anbima.
Debenture deals totaled BRL4.7bn in April alone, down 59% from the same month in 2018, Anbima said.
However, the sales of agribusiness receivables certificates, or CRAs, jumped 225% year-on-year to BRL4.1bn in January to April this year.
Brazil's investment funds posted losses of BRL20.1bn in April
Debenture deals decline 37% in the first four months of the year as equity offers stay flat