Brazil Issues Bonds in Reais to Help Pay US$ 16 Billion in Debt

Brazil's National Treasury announced today, February 7, its third issue of treasury bonds in reais, the Brazilian currency, which will mature in 2028.

The treasury did not specify, however, the volume of funds it intends to negotiate, neither the banks that are managing the foreign operation.

This is the third time that Brazil issues treasury bonds in reais. The first time was in September 2005, when the country sold the equivalent to US$ 1.6 billion.

In the same month last year, the Treasury issued another US$ 750 million in operations managed by Citigroup and JP Morgan. In this case, the interest was 12.50% a year and the maturity was 2022.

The objective of these bond issues on the foreign market is to extend the country's debt, while bringing in funds for payment of its foreign debt.

According to Treasury figures, Brazil will have to pay US$ 8.9 billion in debts this year and another US$ 7.3 billion next year.

Cars

In January 2007, vehicle production in Brazil totalled 203,703 units, 7.5% more than in December 2006 (189,432). Compared with January 2006 (195,399), production was 4.2% higher.

The data were obtained from the monthly survey of the National Association of Vehicle Manufacturers (Anfavea).

Tags:

  • Show Comments (1)

  • u.s. capital

    And you better pay up !! Or we will send Bill Gates down there to buy your whole country!!! Or at least the parts of it that isn,t swamp…..

Your email address will not be published.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

In Brazil, Most Voters Have No Idea Who or What They Are Voting For

At least 70 million of Brazil’s 121 million voters are illiterate or failed to ...

Slum

Always in shirt sleeves, without Sunday or holiday, not missing any occasion to steal ...

Brazil’s General Heleno Must Go from Haiti

The head of the UN Peacekeeping Mission in Haiti, Brazilian Lieutenant-General Augusto Heleno, should ...

Brazil Auctions Dozens of Exploration Blocks in New Oil Frontiers

The National Petroleum, Natural Gas and Biofuel Agency (ANP) has scheduled for December 18th, ...

Risk Brazil Higher than Argentina’s Risk Rating

For the first time in five years investment bank JP Morgan country risk list ...

Lula Blames Inflation on Brazil’s High Interest Rates

Brazilian President Luiz Inácio Lula da Silva said today that his Administration wants interest ...

Same Old Team

As expected the PFL (Partido da Frente Liberal—Liberal Front Party) got the lion’s share ...

Transportation Costs Are Stunting Exports in Brazil and LatAm

Latin American exports' growth depends more on lower transport costs than on reduction of ...

In World Cup of Spyware Brazil is Only a Runner Up

Angola and not Brazil has the most dangerous soccer team in the world, at ...

Brazilians Say It Has Become Harder to Get a Job

Consumer confidence in Brazil’s situation rose 1.5% in October, in comparison with September, according ...