Brasília – Brazilian National Treasury disclosed the final results on the issuance and repurchase operation of dollar-denominated bonds, initiated on Wednesday (23rd). A total of US$ 3.55 billion worth of the new bond, named Global 2045, was issued, with US$ 3.5 billion in the European and North American markets and US$ 50 million in the Asian market.
The Treasury informed that the bond, maturing on January 27th 2045, was issued with a coupon of interest rate at 5% per year and spread (price difference between purchase and sale of a bond) of 187.5 basis points over comparable U.S. Treasuries. At the financial market, 100 basis points account for one percentage point.
The issuance, handled by the banks Deutsche Bank, Itaú BBA and Merrill Lynch, was sold at 97.992% of face value, to yield 5.131% per year. The closing of the offering is to take place on August 1st 2014 and coupons will be paid on January 27th and July 27th of each year.
*Translated by Rodrigo Mendonça
