Brazil Sovereign Bond Issuance Focus

Brazil Sovereign Bond Issuance Focus


by Ben MillerAfter months of boiler-plate 10-year bonds and Peru’s 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, Brazil’s deputy treasury secretary and director of public credit, tells LatinFinance. “The 30-year is one of our most liquid benchmar

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