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Global Deals Review: Q4 2009

Two men shakes hands in this file photo. REUTERS/Files

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CORRECTED-(OFFICIAL)-Brazil sells $1 bln 10-year Global bond

Tue Jan 6, 2009 6:08pm EST

(Corrects coupon level in paragraph 2)

Bonds  |  Global Markets

NEW YORK, Jan 6 (Reuters) - Brazil sold $1 billion worth of 10-year Global bonds at a price of 98.135, a source at one of the lead managers said on Tuesday.

The deal brings a yield of 6.127 percent and a coupon of 5.875 percent, the source said while confirming the spread over the corresponding U.S. Treasury was 370 basis points.

That spread represents a small premium over the existing 8.875 percent Oct. 14, 2019 Brazil bond BRAGLB19=RR. This new issue matures Jan. 15, 2019.

Goldman Sachs and Merrill Lynch were lead managers of the deal. Earlier, a source at one lead manager said the issue was "modestly oversubscribed." (Reporting by Daniel Bases)

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