• Categories
  • Archives

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.


  • 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Your email address will not be published.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.


You May Also Like

Slave Labor Common Where US Nun Was Murdered in Brazil

Sister Dorothy Stang, a Sister of Notre Dame de Namur from Cincinnati, was assassinated ...

Brazil Tourism Trying to Make Life Easier for Americans

Diversification of the tourism products that Brazil has to offer is one of the ...

Brazil Reduces Growth Forecast in Half to 0.9%

For the third quarter in a row, the economic staff has reduced the official ...

Brazil’s Indian Agency Invites UN to Monitor Its Actions

Taking advantage of the presence in Brazil of the UN special rapporteur for Human ...

A Global Effort to Protect the Amazon Forest

In the Brazilian Amazon basin there are currently 42 conservation units (UC’s), encompassing approximately ...

20/20: 20% of Brazilians Have Diabetes and 20% Have High Cholesterol

According to the Brazilian Society of Cardiology (SBC), diabetes is one of the most ...

Favela Rising, the movie on Rio's shantytown

Favela Rising: a Brazilian Story of Hope Inspires the World

My close friend and co-filmmaker Matt Mochary called me on the phone from a ...

Brazil Ships 13,000 Live Cattle to Lebanon

Another 13,000 live cattle were embarked, Wednesday, November 2, from the port of Rio ...

Brazil's electronic ballot box

Brazil: Election Gives Voters Chance to Clean Up Congress

Brazilian Congressmen have started to make some long-needed reforms in the House of Representatives. ...

Light out of Darkness

A country where the population can reduce by 20 percent the domestic consumption of ...