Debt sales drop in Brazil

Debt sales drop in Brazil

Debenture Debt Capital Markets Bonds Corporate & Sovereign Strategy Asset Management Project & Infrastructure Finance Regulation Politics Economy & Policy Brazil

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

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