BNDES fetches bumper book, Gerdau to go long as Brazil rallies

Oliver West

April 08, 2014 05:45 am

BNDES HQ — An activist dressed as Brazil's President Dilma Rousseff blows fire in front of the Brazilian National Development Bank (BNDES), background, during the United Nations Conference on Sustainable Development, or Rio+20, in Rio de Janeiro, Brazil, Monday June 18, 2012. Activists protested against regression of Brazil's environmental policies during President Rousseff's government, including the Belo Monte Hydroelectric power plant construction, and the new Forest Code. (AP Photo/Felipe Dana) | Felipe Dana/AP/Press Association Images

A rally in bond markets and improved sentiment surrounding Brazilian assets helped BNDES to a well-subscribed $1.5bn dual tranche issue on Monday, with steel company Gerdau expected to bring more supply from the country this week.

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Oliver West

US Bureau Chief - Latin America Editor