Brazil bought back $2.2 bln worth of global bonds - Treasury
RIO DE JANEIRO
RIO DE JANEIRO Oct 24 (Reuters) - Brazil's Treasury announced on Thursday it bought back about $2.2 billion worth of high-coupon bonds denominated in dollars, as part of a strategy to reduce government debt payments and make it cheaper for Brazilian companies to borrow abroad.
In order to retire those bonds, the Treasury gave investors $1.7 billion worth of a new 2025 global bond it issued on Wednesday. The remaining $500 million was paid in cash.
Brazil on Wednesday issued $3.25 billion in the new global 2025 bond at a coupon of 4.25 percent and a spread of 180 basis points over comparable U.S. Treasuries.
The bonds which were partly repurchased by the Treasury were:
* January 2017
* January 2019
* October 2019
* January 2020
* April 2024, series A and B
* February 2025
* May 2027
* March 2030
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