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4 years ago
Demand for new Brazil global 2025 bond tops $7 bln - source
October 23, 2013 / 6:34 PM / 4 years ago

Demand for new Brazil global 2025 bond tops $7 bln - source

SAO PAULO, Oct 23 (Reuters) - Brazil's offer of a new dollar-denominated bond due in 2025 has attracted investor demand of more than $7 billion, a source with direct knowledge of the deal told Reuters on Wednesday.

The deal is part of a strategy by the National Treasury to sell at least $500 million of the new bond while buying back up to $12.6 billion of notes with different maturities and high coupons.

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