Brazil swamped by demand, secures record tight pricing

05 Apr 2007

Brazil was deluged with $2.28bn of demand this week for a $525m reopening of its 6% 2017 global bonds, as investors, starved of sovereign emerging market paper, fought for a piece of the deal.

In 20 minutes lead managers Merrill Lynch and Morgan Stanley received $2.14bn of demand for ...

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