Brasília – The Brazilian National Treasury announced today (20th) the issue of foreign debt bonds denominated in real (Brazilian currency). Last week, the National Treasury secretary, Arno Augustin, had already announced the Brazilian government’s intention of issuing bonds in domestic rather than foreign currency.
"Right now, we are working with what we had announced in our Annual Financing Plan [a strategy disclosed by the Treasury on a weekly basis], which is issues in dollar and possibly in real, with the usual deadlines," said the secretary last week.
The offer will be made initially in the United States and Europe, but depending on market conditions, the National Treasury has the prerogative of issuing bonds in the Asian market as well. Right now, the real is over-appreciating, given the dollar’s sharp decline on the global market.
*Translated by Gabriel Pomerancblum
