Brazil begins marketing January 2045 bond at UST+200bp area

Wed Jul 23, 2014 7:45am EDT

Related Topics

LONDON, July 23 (IFR) - The Republic of Brazil, rated Baa2/BBB-/BBB, has opened books on a new benchmark-sized US dollar January 2045 bond in the area of 200bp over US Treasuries.

The SEC-registered note will be priced later today, with Bank of America Merrill Lynch, Deutsche Bank and Itau BBA acting as lead managers.

The new deal will go towards financing a buyback of eight of the sovereign's bonds, as well for general government purposes. (Reporting by Sudip Roy; editing by Philip Wright)


After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.