Brazil prints $3.5 bln in bond market return

Brazil prints $3.5 bln in bond market return

Asset Management Bonds Debt Capital Markets Corporate & Sovereign Strategy Fixed Income Funds Brazil Latin America

Brazil sold $3.5 billion worth of bonds on Wednesday in a two-part deal aimed at repaying existing debt as the government continues to fight the effects of the coronavirus pandemic, the government said.  The sovereign issuer sold $1.25 billion in new 2025 bonds at 99.425 with a coupon of 2.875% to yield 3%. It also priced $2.25 billion worth of 2030 bonds at 98.977 with a coupon of 3.875% to yield 4%, sources involved in the deal said. Settlement is expected on June 10.  The joint bookrunners, J

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