Brazil redeemed itself in the US global bond markets this week by launching a blowout $1.25bn six year transaction targeted at the wave of cross-over funds pouring into the emerging markets and structured to win back the hearts of investors soured by its 2012 deal in January. Plagued by the poorly performing $1.25bn 2012, and knowing that with the euro and yen markets essentially shut to large Latin deals, Brazil was determined to issue the perfect bond in terms of maturity, size, pricing and allocation.
March 08, 2002
