September 1, 2009
by Ben MillerAfter months of boiler-plate 10-year bonds and Perus 15-year sovereign reopening, Brazil reopened the long end for Latin debt issuers in late July with a textbook tap of its 7.125% of 2037 bond. The sovereign capitalized on ample liquidity and increasingly bullish sentiment about a region that many investors are playing via Brazil. It paves the way for others to access duration in September, provided markets hold up.
In June market conditions got much better and we thought it the ideal moment, Paulo Valle, Brazils deputy treasury secretary and director of public credit, tells LatinFinance. The 30-year is one of our most liquid benchmar
Showing high grade restraint, Brazil seized LatAm liquidity with a trailblazing long-dated reopening. It is opportunistic and wants to strengthen dollar and real benchmarks.