Brazil's Finance Ministry announced on Tuesday the country will issue U.S. dollar-denominated bonds with maturity in January 2019.
It is the first issuance by the Treasury Department in international markets since May 2008.
Brazil managed to raise 525 million U.S. dollars on May 7, 2008, of which 500 million originated from the U.S. and European markets and 25 million from the Asian markets.
The Treasury bonds will be negotiated in the U.S. and European markets, and might also be negotiated in the Asian markets. The banks involved in the issuance are Goldman Sachs and Merrill Lynch.
Revenue from the bonds will increase Brazil's foreign exchange reserves.
Last month, the Brazilian government said that Mexico's recent issuance of Treasury bonds showed demand for such financial instruments was growing in emerging countries.
Colombia has also announced plans to issue U.S. dollar-denominated bonds in the international market, with maturity in March 2019.
Source:Xinhua
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