June 4, 2020 |
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
South America's largest economy sells new five- and 10-year notes to repay outstanding debt