Reported 8 months ago
Brazil recently issued a $2 billion sustainability bond, the nation's second global capital market return this year. The seven-year notes were sold at a yield of 6.375%, used to repay public debt and fund projects under Brazil's sustainability framework. Despite challenging fiscal concerns and market conditions, Brazil is taking advantage of subdued global market volatility, similar to other emerging-market sovereigns like South Korea, the Dominican Republic, Peru, and Trinidad and Tobago issuing new bonds. Brazil's dollar bonds performance this year trails behind its peers, yet its increased frequency of bond issuance demonstrates a shift in strategy towards more frequent offerings.
Source: YAHOO