*Brazil’s national treasury has sold US$4.5bn in dollar bonds on the US market. Marking Brazil’s first issuance of sovereign debt instruments on the international debt markets in 2026, the treasury issued two bonds, the Global 2036 and Global 2056. The Global 2036 bond matures in ten years and was sold for US$3.5bn with a coupon rate of 6.25% and a yield of 6.4% per year for investors. The Global 2056 bond, which was previously issued last year, was re-issued for a further US$1bn. It has a coupon rate of 7.25% and a yield of 7.3% per year. According to a treasury press release, the bond sale attracted significant investor interest, with 466 orders placed. Demand among investors was approximately 2.7 times the issued volume, with the order book reaching around US$12bn at its peak. The treasury also highlighted that the sale of the Global 2036 bond is its largest ever issuance of a ten-year bond. Around 90% of the investors in the auction were from Europe and North America, which the treasury said reflects
“investor confidence in the robustness and attractiveness of Brazil’s sovereign debt” and highlights a
“favourable perception in the international markets of the country’s credibility”.
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