Brasília – The National Treasury secretary, Arno Agustin, stated once again that the government may issue Brazilian foreign debt securities denominated in real (Brazilian currency) on the international market, rather than on foreign currency, before the end of 2011. However, according to him, it all will depend on the conditions of the world economy. "Our politics, with regard to the foreign debt, remains the same. These are qualitative issuances carried out whenever we deem [international] market conditions to be favourable," he said.
Arno Augustin did not wish to announce a date, because according to him, contrary to auctions of securities on the domestic market, there is no schedule for trading papers on the foreign market. “There is no impediment to the issuing of new debt securities. We may issue securities again this year, but there is no set date. There are no news of dates or scheduled issuances,“ he informed.
By issuing bonds on the international market, Brazil does not always intend to raise funds. At times, the operations are meant to evaluate the receptiveness of investors to Brazilian bonds, and set parameters for new issues by the government and companies.
*Translated by Gabriel Pomerancblum
