by Amruth Sundarkumar | Dec 15, 2021 | Sovereigns
Brazil’s recent fiscal outlook shows the best budget numbers in several years for the country. Brazil is on track to post its lowest government spending at 18% of GDP and the smallest budget deficit since 2014, falling to 0.4% of gross domestic product by the end of...
by Amruth Sundarkumar | Oct 25, 2021 | Sovereign Bonds, Sovereigns
Brazil’s dollar bonds dipped on Friday amid signals from the economy minister and president that the government will breach its fiscal ceiling to boost welfare spending. This caused the resignation of four senior Treasury officials. The real fell as much as 1.1%...
by Amruth Sundarkumar | Jun 30, 2021 | Sovereign Bonds
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...
by Amruth Sundarkumar | Jun 17, 2021 | Sovereigns
Brazil raised its benchmark interest rate by 75bp for the third consecutive time and will potentially consider further increases as forecasted inflation surges despite aggressive monetary tightening this year. On Wednesday, the central bank lifted the Selic to 4.25%...
by bondevalue | Apr 8, 2021 | Sovereign Bonds
Brazil raised $593.11mn via a privatized auction of 22 airports, with the two largest blocks of airports won by the Brazilian infrastructure company CCR, as part of the government’s push towards privatization. Out of the fifteen airports, nine in southern...
