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Brazil starts marketing new global bond
October 23, 2013 / 11:38 AM / 4 years ago

Brazil starts marketing new global bond

LONDON, Oct 23 (IFR) - The Federative Republic of Brazil has begun marketing its upcoming benchmark-sized global bond, due in January 2025, at 200bp over US Treasuries, according to one of the lead managers.

The sovereign, rated Baa2/BBB/BBB, has also opened a tender offer on eight outstanding global bonds worth a combined US$12.59bn.

Bradesco BBI, Deutsche Bank and HSBC are the bookrunners on the SEC-Registered transaction.

Reporting by Davide Scigliuzzo; editing by Alex Chambers

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