Brazil raises US$500 million with Bonus Global 2034 bonds

29/11/2005 - 18h49

Stenio Ribeiro
Reporter Agência Brasil

Brasília - Brazil raised US$500 million on Tuesday with another offering of government bonds that mature in 2034, known as Bonus Global 2034. This follows a US$1.5 billion emission made in January 2004, and an emission of US$500 million in May of this year.

The emission was led by Merrill Lynch and Barclays Capital. The bonds got 99.325% of face value with a yield of 8.311%. Interest payments on these bonds are made every six months.

Translation: Allen Bennett

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