Brazil Raises $2.25bn Via Dual-Trancher

Brazil Raises $2.25bn Via Dual-Trancher

Brazil raised $2.25bn via a dual-trancher. It raised $1.5bn via a 10Y bond at a yield of 3.875%, 25bp inside initial guidance of 4.125% area. It also raised $750mn via a tap of its 4.75% 2050s, priced at 97.333 at a yield of 4.925%. The issuance received orders of...

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CSN Upgraded to BB from B+

CSN Upgraded to BB from B+

Brazilian Companhia Siderúrgica Nacional (CSN) has been upgraded two-notches to BB from B+ by S&P based on sizable deleveraging. The rating agency has also upgraded its issue-level rating on CSN Islands XII Corp.'s senior unsecured notes to BB from B+. The outlook...

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