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Brazil & Southern Cone - June 2020

Economic Highlights

BRAZIL| First international bond issuance of 2020. Brazil returned to the international bond market this June for the first time since November 2019. The Brazilian treasury announced on 3 June that it had issued five-year and 10-year US dollar-denominated bonds on the international market. This was part of its objective “to promote liquidity of the sovereign yield curve in dollars, provide a benchmark for the corporate sector, and meet maturing foreign currency debt”. The bonds raised a total US$3.5bn, with the five-year bonds maturing in June 2025 collecting US$1.25bn and offering a 3% yield, while the debt maturing in June 2030, offering a 4% yield, raised US$2.25bn.

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