Deals
Brazil Sells $1.5 Billion in 10-Year Bonds as Yields Decline
- International bond sale ending drought since September 2014
- JPMorgan and BofA Merrill Lynch are coordinating deal
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The same turmoil that’s roiling Brazil’s government opened up a window for the country’s first bond sale since it was cut to junk.
Brazil sold $1.5 billion of 10-year bonds to yield 6.125 percent, according to data compiled by Bloomberg. The sale comes as speculation that President Dilma Rousseff will be impeached drives down borrowing costs.