Brazil times it right to clinch LM, benchmark at negligible premium

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Brazil times it right to clinch LM, benchmark at negligible premium

Brazil
Sunrise on the beach of the Centre in Mongagua, southern coast of Sao Paulo, southeastern Brazil, on July 22, 2014. Photo: LUIS CLEBER/ESTADAO CONTEUDO/picture alliance | LUIS CLEBER/picture alliance / ESTADAO CONTE/picture alliance

Latin America debt bankers praised Brazil for its “uncanny” knack for timing markets after the borrower became the latest Latin American borrower this year to raise 30 year money to buy back old bonds as the US Treasury long bond hit its tightest level for a year.

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