Brazil Waiting for a More Stable Market to Issue Bonds Overseas

Arno Augustin Brazil's National Treasury secretary, Arno Augustin, on disclosing financial results for November, said that it should not take long for Brazil to return to issuing bonds on the international market. However, he added that it is necessary to overcome the financial crisis.

The secretary considered that the country has no need to collect international funds for extension of the debt and that, therefore, it may wait for the international scenario to become more stable.

"Our foreign collection program is turned to the improvement of the profile of our foreign debt and also to the establishment of parameters for companies themselves to be able to make international bond issues. There was a moment in which the market was very volatile and turbulent, and that is still going on to a certain extent. As soon as we find market conditions appropriate, we may return to the international market."

This year, the National Treasury made an international issue of Global 2017s (bonds in dollars mature in 2017) for the value of 525 million Brazilian reais (US$ 221 million). The funds were collected in the North American, European and Asian markets.

Mexico recently managed to harvest funds on the foreign market, a fact that the secretary considered positive. The Mexican issue shows that some emerging nations, among them Brazil, are generating greater international confidence. In the not-so-long run, the foreign market may return to conditions that make it capable of financing emerging nations.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Monica's Gang: An Adventure in Time, a Brazilian movie for children

Brazil’s Mônica Gang Joins Disney to Win the World

In the gloom of the cinema, 200 children find their seats and enjoy free ...

Worried with Weak Dollar and Cheap Imports Brazil Considers New Regulations

The Brazilian government does not rule out new steps to slow gains in its ...

Brazilian Industry Says Disappointing Cut in Interests Brought Bitter Christmas

The Brazilian Central Bank’s Monetary Policy Committee (Copom) has lowered the country’s key interest ...

US dollar and Brazilian real

Weak Dollar Brings Brazil to the Rescue of Industry

The commercial dollar recovered a little ground today in Brazil after the Brazilian currency, ...

6 Million Brazilians Work as Maid

The precarious working conditions of domestic workers in Brazil are being discussed today in ...

John Pizzarelli, the Boy from Ipanema

Just before Christmas, I was surfing the local TV stations and had a pleasant ...

Brazil Starts Aggressive Info Campaign on Bird Flu in Airports

The Brazilian National Sanitary Surveillance Agency (ANVISA) started an information campaign today on bird ...

Despite All, Brazil Counts on Ronaldo to Win 6th World Cup

He has been jeered by fans, criticized by Michel Platini and Pelé, and is ...

Low Inflation in US Boosts Brazilian Market

Brazilian and Latin American markets leapt along with U.S. shares, after tame U.S. CPI ...

Brazil’s Vehicle Sales Down 10%, Industrial Output 3% Down for the Year

 Compared to the same period last year, sales of vehicles in April were down ...