Brazil Raises Half a Billion Dollars Selling Global Bonds

Brazilian real Brazil's foreign exchange reserves, which totaled US$ 239.271 billion as of the 14th this month, are going to receive a boost starting on the 22nd. The National Treasury has raised US$ 525 million through sales of external debt bonds known as Global 2019 N.

The papers were sold with the lowest interest rate in history for bonds denominated in dollar. This means that the perception of foreign investors regarding Brazil has improved significantly.

The reopening of the operation was announced Tuesday and the operation was concluded Wednesday, after the closing of the Asian market. In total, US$ 500 million were traded in the European and United States markets, and US$ 25 million in the Asian market.

The annual interest rate was 5.875%, 1.139% higher than United States Treasury bonds maturing in November 2019. The bonds were sold for 108.204% of their face value, resulting in a rate of return of 4.75% a year for investors.

According to the Treasury, the issuance was led by banks Goldman, Sachs and Morgan Stanley, and the funds will become part of the Brazilian foreign exchange reserves on the 22nd this month.

The interest coupons will be paid to investors on January 15th and July 15th each year, up until the date of maturation, on January 15th, 2019.

Tags:

You May Also Like

Time of World Cup in Brazil

World Cup Brings Out the Best and Worst in Brazil

The World Cup brings out much that is great about living in Brazil but ...

Brazilian Spirit: In Search of a Purer, Nobler Cachaça

Cachaça (pronounced ka-SHA-sa) can be found in every single boteco (bar) in Brazil for ...

PC Sales Grow 21% in Brazil. Smugglers Have 35% of Market

Almost 10 million personal computers (PCs) were sold in Brazil in 2007, an increase ...

Town of Santa Tereza, Espírito Santo, Brazil

A Trip Back in Time to Meet Grandpa and His 21 Kids in Brazil

It was January of 2006 when my American husband and I traveled to Santa ...

Brazil’s Fallen Finance Minister Talks About Meanness Against Him

Brazil’s Ministry of Finance released the entire text of the resignation letter that former ...

CVRD and Alcan Accused of Violating Human Rights in Brazil

A Brazilian NGO (Non-Governmental Organisation) has denounced the construction cooperative of a hydro-electric basin ...

Brazil: 10 Years Later No Policeman Is in Jail for Massacre of 19 Workers

Of the 144 Brazilian military police incriminated in the  massacre of 19 rural landless ...

Brazil: Press Revisits the 64 Coup

The coverage by Folha de S. Paulo of the 1964 military coup in Brazil ...

Brazil Bical’s Kids Shoes Are in 60 Countries

The 2005 target of Bical Calçados, a maker of children’s shoes from the city ...

Brazil’s Harvest Jumps 10.7%

Brazil’s harvest in 2004/2005 should attain 131.9 million tons of grain, according to the ...