The yield on Brazilian bonds would be 6.35% for the 10-year bond and 7.15% for the 30-year paper.
The Brazilian Treasury announced this Monday its first entry into the global debt market this yearwith the presentation of 10 and 30 year dollar bonds which, according to him, aim boost liquidity and provide guidance for corporate borrowing.
According to two sources familiar with the matter, the orientation of the operation indicates a yield of 6.35% for the 10-year bond and 7.15% for the 30-year paper.
One of the sources added that Demand reached almost $7 billion for the 10-year bond and exceeded $7 billion for the 30-year bond.
Brazil issues debt: objective
“The objective of the operation is to maintain the strategy of promoting liquidity in the sovereign interest rate curve in dollars in the external market, providing a reference point for the corporate sector and anticipating the financing of maturities in foreign currency,” the Treasury said in a statement.
Citigroup, Scotiabank and UBS will lead the operationsaid the Treasury.
The issue occurs after in November it managed to capture $2 billion through its inaugural green bond launchintended to direct funds towards the Government’s ambitious sustainability agenda.
Before that, the country’s last traditional foreign debt issuance took place in April 2023, when it placed $2.25 billion in a 10-year sovereign bond offering.
Source: Ambito
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