Brazil sells 1 bi worth in government bonds in international market

Brazil’s National Treasury announced on Wednesday (Sep 3) the sale of government bonds in the US and European markets totaling $1 billion, with yield at 3.88% per annum. The spread (difference between the price at which a share is bought and sold) was 147 basis points above US Treasury bonds.

The operation was carried out by banks BTG Pactual, Citigroup and Morgan Stanley.

Analysts from the Treasury had announced earlier the float at 103.05% of bonds’ face value.