• Categories
  • Archives

Brazil Treasury Gets Half a Billion Dollars in the US and Europe

Goldbars Information from the Brazilian Treasury reveals that apart from the US$ 500 million in bills issued on the European and North American markets, another US$ 25 million were traded on the Asian market.

Wednesday, July 29, the Treasury started selling Brazilian Treasury Bills, the Global 2037, once again. They mature on January 20, 2037.

The bills were issued considering interest rates of 7.125% a year and with spread of 195 points over the Treasury (US Bills) maturing in May 2037 and the issue was in the hands of Deutsche Bank Securities Inc. and J.P. Morgan Securities Inc.

The bills were traded at 108.63% of their face value, resulting in investor return of 6.45% a year. The rate is the lowest since Brazil started issuing bills for the same value and means that investors are more confident in the fundaments of the economy of Brazil

Liquidation should take place on August 5th, 2009 and payments will be made on the 20th of January and 20th of July of each year, up to the maturity on January 20th, 2037.

According to Finance minister Guido Mantega, the demand for the papers reached US$ 7 billion and was 14 times oversubscribed. The last time the government of Brazil issued papers mature in 2037 was in January 2007.

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Your email address will not be published.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

Portugal Group Invests US$ 43 Million in Brazil’s Northeast Resort

Vila Galé, a group from Portugal, has launched the construction of a five-star resort ...

Brazilian Coach Joins US Academy Soccer Club

Florida-based Schulz Academy soccer club announced yesterday the launch of an additional training program ...

São Paulo’s Homeless Up 60% in a Decade

São Paulo city’s homeless people rose from 8,706 to 13,666 between 2000 and 2009, ...

Biofuel Is Inevitable and Brazil Leads the Field, Says Lula

Brazil's discovery of an oil reserve in the Santos Basin in the south of ...

Brazil Sends Solidarity Message for Year-Old Tsunami

On Monday, December 26, President Luiz Inácio Lula da Silva transmitted a message of ...

Brazilian Jiujitsu Fighter Terrorizes Passengers of Japan to US Flight

A Brazilian jiujitsu fighter  was arrested this Wednesday, September 13, during a cross country ...

Lula Offers Brazil Expertise to Uruguay

Brazil wants to help the new Uruguayan government in the formulation of a development ...

Brazil President Urges US and EU to Put More Effort to Control Debt Crisis

The presidents of Brazil, India, and South Africa on Tuesday urged the world’s rich ...

Brazilian Small Farmer Learns Technology Is His Friend

Technology is no longer a privilege of large rural properties in Brazil. More and ...

Brazil to Count on 200,000 Families This Year to Produce Biodiesel

A biodiesel mill with a capacity for production of 108 million liters per year ...