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Your email address will not be published.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

Brazil’s Cearí¡, Piauí­ and Maranhí£o Join Forces to Bring Tourism

Ceará, in the Northeast of Brazil, and its western coast should be the priority ...

In 4 Years Brazil Gets Its Old Dream Road from Sea to Shining Sea

The presidents of Peru, Bolivia and Brazil inaugurated a US$ 810 million highway project ...

How About Some Portuguese?

Even the basic verb to be can be difficult for someone learning Portuguese since ...

Argentina and Brazil Join Forces to Fight Tuberculosis and AIDS

Brazil’s Health Minister, Saraiva Felipe, will be today in Buenos Aires, where he and ...

Brazil Starts Swap of Foreign Debt Titles

Brazil’s National Treasury begins an international operation today involving the exchange of titles of ...

A Recipe for Brazil

Brazil—at its current level of almost a trillion reais a year, five thousand reais ...

Brazil Needs Help of the Rich to Stop Amazon’s Destruction

The international conservation organization World Wide Fund for Nature (WWF) is warning that a ...

Couromoda: 3,000 Brands of Leather and Footwear Stuff from Brazil

Brazil’s Minister of Development, Industry, and Foreign Trade, Luiz Fernando Furlan, affirmed, Monday, January ...

Sex Change Is Human Right in Brazil and Can Be Made for Free

Sex-change operations can now be made for free in Brazil, courtesy of the Brazilian ...

New World Bank Chief Wants a Can-Do Team While Brazil & Friends Won’t Do US Will

Global economic governance is flailing – and the Bush administration seems determined to deprive ...