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Brazil

Brazil Shows Off Investor ConfidenceIn an unprecedented move, Brazil showed off investor confidence by tapping international markets in October despite being between rounds of voting in its presidential elections. Continuing efforts to build out the yield curve for its local-currency bonds, the sovereign sold a further $300 million of its 2022 real-denominated bonds in the international markets. The bonds are the longest maturity local-currency fixed-rate securities issued by the sovereign. The paper carries a coupon of 12.50% and was sold to yield 12.47%. Merrill Lynch and UBS were the bookrunners. Mexico Brings it DownMexico made a further swap of external for domestic debt in October wit

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