Brazil springs into action to surf wave of Russia-inspired EM bond euphoria
The bond market on both sides of the Atlantic was buzzing with speculation yesterday (Thursday) that Brazil is preparing an offering in either dollars or euros.
The signs are that the sovereign could issue as early as next week, to take advantage of the boost Russia's upgrade has given its bonds.
In London yesterday, UBS and Dresdner tested investor interest in a $500m 10 year bond at yield guidance of 10.25%, but Brazil denied there
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