Brazil Enters a New and Cheaper Era of Bonds in Europe

Before the end of this month, Brazil will begin operating on the principal electronic platform for bond negotiations in the European Union, known as the EuroMTS.

The secretary of the National Treasury, Joaquim Levy, reports that as EuroMTS operations reduce the need for bank intermediaries, Brazil’s bond issues will be cheaper.


Levy also says that on the EuroMTS the country’s bonds will have a maximum spread of 0.75% per transaction. Issues will have to be at least one billion euros.


Banks that operate as market markers with Brazilian bonds are: ABN Amro Bank, Barclays Bank, BNP Paribas, Dresdner Bank, Fortis Bank, J.P. Morgan Securities, Morgan Stanley and UniCredito Italiano.


ABr

Tags:

You May Also Like

On the Road

This driver, it seemed, was a man of few words. A year ago I ...

World’s Largest Floating Christmas Tree in Rio Grows to 280 Feet and 3.3 Million Lights

Celebrating a 15-year tradition Brazilians and foreign visitors alike, thousands of them, gathered at ...

End of Subsidies Will Pull 500,000 Out of Poverty, Says Brazil’s Lula at Sorbonne

On the first day of his visit to France, Brazilian President Luiz Inácio Lula ...

Brazil Exceeds Government’s Goal for Reforestation

Until the end of 2005, Brazil will have exceeded the goal of 500 thousand ...

Group Who Bought Bankrupt Brazil’s Varig Can’t Raise the Money to Pay for It

NV Participações, an investment firm representing Varig employees, (TGV) admitted, yesterday, for the first ...

In Brazil, Bible Beats Darwin by a Landslide

The theory that humans have evolved over millions of years independent of any ‘divine’ ...

While Campaigning for Permanent Seat Brazil Is Back at UN in Temporary Position

Once again, this year, for a period of 24 months, Brazil will have a ...

Brazilian poet, composer, diplomat Vinicius de Moraes

Brazil Wants Me to Live Intensely But I Won’t Oblige

"Viver Intensamente (Living intensely) is a slogan which, in Brazil, constantly comes back into ...

100 Countries in Brazil for Talks on Corruption and Money Laundering

Brazil’s Minister of Control and Transparency, Waldir Pires, of the Federal Comptroller-General’s Office (CGU), ...

Brazil Tries to Show the Positive Side of a Weak Dollar

The executive secretary of Brazil’s Ministry of Development, Industry, and Foreign Trade, Márcio Fortes ...