Brasília – The Brazilian National Treasury has concluded the issue of debt bills, raising US$ 800 million. The institution offered US$ 750 million in the European and North American market and another US$ 50 million in Asia. The bills, maturing on January 5, 2023, have a rate of return to the investor of 2.75% a year. The issue was led by Barclays and Citigroup banks.
Through the issue of foreign debt bills, the government raises international investor funds with the engagement of returning the funds at an interest. Lower interest rates show a lower level of investor mistrust with regard to Brazil and the payment of the country’s debt. The issues also establish a rate tendency for future government and company issues.
The last time Brazil issued bills was in September last year. At the occasion, the National Treasury raised US$ 1.35 billion in bills maturing in 2023 and had the lowest interest rate in history, 2.686% a year.
*Translated by Mark Ament
